Great-West Lifeco (GWO) Price Target Raised to C$34.00 at Desjardins

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Great-West Lifeco (TSE:GWO) had its price objective raised by investment analysts at Desjardins from C$33.00 to C$34.00 in a report released on Tuesday. Desjardins’ price target would indicate a potential upside of 7.32% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Canaccord Genuity dropped their price target on shares of Great-West Lifeco from C$35.00 to C$34.00 in a research note on Friday, February 8th. Eight Capital increased their price target on shares of Great-West Lifeco from C$29.00 to C$30.00 in a research note on Friday, February 8th. TD Securities dropped their price target on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a “hold” rating for the company in a research note on Friday, February 8th. BMO Capital Markets dropped their price target on shares of Great-West Lifeco from C$33.00 to C$32.00 in a research note on Friday, January 25th. Finally, National Bank Financial cut shares of Great-West Lifeco from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$37.00 to C$31.00 in a research report on Thursday, January 24th.

Shares of Great-West Lifeco stock traded up C$0.48 during mid-day trading on Tuesday, hitting C$31.68. The stock had a trading volume of 439,620 shares, compared to its average volume of 767,589. Great-West Lifeco has a 12-month low of C$26.83 and a 12-month high of C$34.45. The company has a debt-to-equity ratio of 25.24, a current ratio of 8.90 and a quick ratio of 8.22. The stock has a market cap of $30.82 billion and a price-to-earnings ratio of 10.58.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Thursday, February 7th. The company reported C$0.72 earnings per share for the quarter, missing the consensus estimate of C$0.73 by C($0.01). The firm had revenue of C$11.70 billion for the quarter. Equities analysts expect that Great-West Lifeco will post 3.30000003194579 earnings per share for the current fiscal year.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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