Great-West Lifeco (TSE:GWO) Downgraded by Barclays to “Underweight”

Great-West Lifeco (TSE:GWO) was downgraded by equities research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a C$32.00 target price on the stock, down from their prior target price of C$33.00. Barclays‘s price objective suggests a potential upside of 5.86% from the stock’s previous close.

GWO has been the topic of several other research reports. Desjardins lifted their price target on shares of Great-West Lifeco from C$33.00 to C$34.00 in a research note on Tuesday, March 12th. CIBC upgraded shares of Great-West Lifeco from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$33.00 to C$37.50 in a research report on Thursday, March 14th. Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 12th. BMO Capital Markets decreased their price objective on shares of Great-West Lifeco from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Finally, Canaccord Genuity downgraded shares of Great-West Lifeco from a “buy” rating to a “hold” rating and raised their price objective for the company from C$34.00 to C$35.00 in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$33.89.

Shares of Great-West Lifeco stock traded down C$0.72 on Wednesday, hitting C$30.23. 352,099 shares of the company’s stock were exchanged, compared to its average volume of 831,242. The stock has a market capitalization of $28.21 billion and a PE ratio of 10.37. Great-West Lifeco has a 1 year low of C$26.83 and a 1 year high of C$34.42. The company has a debt-to-equity ratio of 25.30, a current ratio of 11.51 and a quick ratio of 10.81.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.75 by C($0.08). The firm had revenue of C$16.89 billion for the quarter. As a group, research analysts anticipate that Great-West Lifeco will post 3.3399999 EPS for the current year.

Great-West Lifeco Company Profile

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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Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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