Great-West Lifeco Inc (GWO) Given Average Recommendation of “Hold” by Brokerages

Shares of Great-West Lifeco Inc (TSE:GWO) have been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$36.75.

Several equities research analysts have issued reports on GWO shares. Barclays PLC raised their target price on Great-West Lifeco from C$31.00 to C$34.00 in a research note on Thursday, January 12th. Scotiabank raised their price target on Great-West Lifeco from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 1st. BMO Capital Markets raised their price target on Great-West Lifeco from C$34.00 to C$38.00 in a research report on Monday, January 16th. Dundee Securities lowered their price target on Great-West Lifeco from C$34.00 to C$33.00 in a research report on Thursday, December 22nd. Finally, CIBC lowered their price target on Great-West Lifeco from C$36.00 to C$35.00 in a research report on Friday, November 4th.

In other news, Director Charles Donald Harvey Henaire sold 10,000 shares of Great-West Lifeco stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of C$34.82, for a total transaction of C$348,200.00. Also, Director Siim A. Vanaselja bought 25,000 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were purchased at an average price of C$34.73 per share, for a total transaction of C$868,250.00.

Shares of Great-West Lifeco (TSE:GWO) opened at 37.43 on Monday. The company’s 50-day moving average price is $35.83 and its 200 day moving average price is $33.88. Great-West Lifeco has a 52 week low of $30.83 and a 52 week high of $37.49. The company has a market cap of $36.88 billion and a P/E ratio of 14.06.

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About Great-West Lifeco

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

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