Great-West Lifeco (TSE:GWO) PT Set at C$60.00 by Royal Bank Of Canada

Great-West Lifeco (TSE:GWO) has been given a C$60.00 target price by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 7.51% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. TD Securities boosted their price objective on shares of Great-West Lifeco from C$70.00 to C$73.00 in a research note on Wednesday, January 14th. Desjardins lifted their target price on shares of Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. CIBC increased their price target on shares of Great-West Lifeco from C$67.00 to C$73.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Barclays raised their price objective on shares of Great-West Lifeco from C$59.00 to C$70.00 in a research report on Friday, January 9th. Finally, National Bankshares boosted their target price on Great-West Lifeco from C$58.00 to C$59.00 in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$64.33.

Great-West Lifeco Price Performance

TSE GWO opened at C$64.87 on Monday. The firm’s fifty day moving average price is C$65.69 and its 200 day moving average price is C$58.90. Great-West Lifeco has a 12 month low of C$44.89 and a 12 month high of C$68.56. The company has a market capitalization of C$58.85 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.72.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$1.33 earnings per share for the quarter. Great-West Lifeco had a return on equity of 14.81% and a net margin of 16.06%.The business had revenue of C$8.21 billion during the quarter. As a group, sell-side analysts forecast that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Activity at Great-West Lifeco

In related news, Director Edmund Francis Murphy sold 94,532 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of C$64.51, for a total value of C$6,098,259.32. Following the sale, the director directly owned 4,916 shares of the company’s stock, valued at approximately C$317,131.16. This represents a 95.06% decrease in their position. 70.70% of the stock is owned by corporate insiders.

Great-West Lifeco Company Profile

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.