Barclays Maintains a Hold Rating on Great-West Lifeco (GWO)


Great-West Lifeco (TSX: GWO), the Financial sector company, has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from Barclays’ analyst John Aiken, with a C$32 price target.

According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 38.3% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.

Currently, the analyst consensus on Great-West Lifeco is a Moderate Buy with an average price target of C$33.75, representing a 12.1% upside. In a report issued on October 19, TD Securities also reiterated a Hold rating on the stock with a C$35 price target.

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The company has a one-year high of C$36.30 and a one-year low of C$29.47. Currently, Great-West Lifeco has an average volume of 763.6K.

Great-West Lifeco, Inc. is an international financial services holding company, which engages in the provision of life and health insurance; retirement and investment services; asset management; and reinsurance services. It operates through the following segments: Canada, United States, Europe, and Lifeco Corporate.

The company’s shares closed on Thursday at C$30.10, close to its 52-week low of C$29.47.

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