BMO Capital Markets Cuts Great-West Lifeco (GWO) Price Target to C$37.00

Great-West Lifeco (TSE:GWO) had its price objective lowered by investment analysts at BMO Capital Markets from C$38.00 to C$37.00 in a research report issued on Friday. BMO Capital Markets’ price target suggests a potential upside of 8.98% from the stock’s current price.

Several other research firms also recently commented on GWO. National Bank Financial upgraded shares of Great-West Lifeco from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$36.00 to C$38.00 in a research note on Thursday, November 16th. Barclays boosted their price target on shares of Great-West Lifeco from C$37.00 to C$38.00 in a research note on Friday, November 3rd. Eight Capital dropped their price target on shares of Great-West Lifeco from C$38.00 to C$37.00 in a research note on Friday, November 3rd. Royal Bank of Canada boosted their price target on shares of Great-West Lifeco from C$35.00 to C$36.00 in a research note on Friday, November 3rd. Finally, CSFB boosted their price target on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$37.44.

Great-West Lifeco (GWO) opened at C$33.95 on Friday. The company has a market cap of $33,570.00, a price-to-earnings ratio of 15.65 and a beta of 0.59. Great-West Lifeco has a 12 month low of C$33.01 and a 12 month high of C$37.79.

In other news, Director James Mahase Singh bought 1,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of C$35.05 per share, for a total transaction of C$35,050.00. Also, insider Jeffrey Frederick Macoun sold 3,620 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of C$35.29, for a total transaction of C$127,749.80.

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About Great-West Lifeco

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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