In a new note to investors today, an analyst has provided a rating update for Great-West Lifeco (TSX: GWO). Analyst Gabriel Dechaine from National Bank remains bullish on the stock and has a C$37 price target.
According to TipRanks.com, Dechaine is a 5-star analyst with an average return of 10.3% and a 71.1% success rate. Dechaine covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Toronto Dominion Bank.
Great-West Lifeco has an analyst consensus of Moderate Buy, with a price target consensus of C$34.17, a 13.1% upside from current levels. In a report issued on October 30, Canaccord Genuity also reiterated a Buy rating on the stock with a C$35 price target.
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Great-West Lifeco’s market cap is currently C$29.77B and has a P/E ratio of 11.3. The company has a Price to Book ratio of 1.42.
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 Friday at C$30.20, close to its 52-week low of C$29.47.
