National Bank Financial Has Lowered Expectations for Great-West Lifeco (TSE:GWO) Stock Price

Great-West Lifeco (TSE:GWO) had its price target dropped by National Bank Financial from C$95.00 to C$94.00 in a report issued on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 4.27% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Canadian Imperial Bank of Commerce raised their price target on shares of Great-West Lifeco from C$95.00 to C$97.00 in a report on Thursday, July 30th. Barclays boosted their target price on shares of Great-West Lifeco from C$86.00 to C$87.00 in a research note on Wednesday, July 29th. TD increased their price target on Great-West Lifeco from C$98.00 to C$106.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group raised their price objective on Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$93.18.

Great-West Lifeco Stock Down 1.2%

Shares of GWO stock traded down C$1.09 on Monday, hitting C$90.15. The stock had a trading volume of 176,005 shares, compared to its average volume of 1,487,478. The company has a quick ratio of 22.18, a current ratio of 6.07 and a debt-to-equity ratio of 28.63. The business has a 50 day moving average price of C$90.87 and a 200 day moving average price of C$84.87. The company has a market cap of C$80.70 billion, a PE ratio of 18.63, a P/E/G ratio of 2.26 and a beta of 0.62. Great-West Lifeco has a one year low of C$57.56 and a one year high of C$95.96.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) for the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%. The business had revenue of C$8.35 billion for the quarter. Research analysts anticipate that Great-West Lifeco will post 4.45 earnings per share for the current fiscal year.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.