Great-West Lifeco (GWO) Cut to “Negative” at CIBC

Great-West Lifeco (TSE:GWO) was downgraded by equities researchers at CIBC from an “outperform” rating to a “negative” rating in a report released on Friday.

GWO has been the topic of a number of other research reports. CSFB upped their target price on Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, November 1st. Royal Bank of Canada increased their price target on Great-West Lifeco from C$35.00 to C$36.00 in a research report on Friday, November 3rd. Barclays increased their price target on Great-West Lifeco from C$37.00 to C$38.00 in a research report on Friday, November 3rd. National Bank Financial increased their price target on Great-West Lifeco from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Finally, Eight Capital lowered their price target on Great-West Lifeco from C$38.00 to C$37.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$37.27.

Shares of Great-West Lifeco (TSE:GWO) traded down C$0.24 on Friday, hitting C$33.61. The stock had a trading volume of 915,726 shares, compared to its average volume of 425,419. Great-West Lifeco has a 1 year low of C$33.01 and a 1 year high of C$37.79. The stock has a market capitalization of $33,470.00, a P/E ratio of 13.65 and a beta of 0.59.

In other Great-West Lifeco news, insider Helen Ruth Kasdorf sold 2,280 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$35.50, for a total transaction of C$80,940.00. Also, insider Jeffrey Frederick Macoun sold 3,620 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of C$35.29, for a total value of C$127,749.80.

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Great-West Lifeco Company Profile

Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.

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

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