Great-West Lifeco (GWO) Downgraded by CIBC
Great-West Lifeco (TSE:GWO) was downgraded by investment analysts at CIBC from an “outperform” rating to a “negative” rating in a note issued to investors on Friday.
GWO has been the subject of several other reports. CSFB raised their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 in a report on Wednesday, November 1st. Royal Bank of Canada raised their price objective on shares of Great-West Lifeco from C$35.00 to C$36.00 in a report on Friday, November 3rd. Barclays raised their price objective on shares of Great-West Lifeco from C$37.00 to C$38.00 in a report on Friday, November 3rd. National Bank Financial raised their price objective on shares of Great-West Lifeco from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Finally, Eight Capital decreased their price target on shares of Great-West Lifeco from C$37.00 to C$36.00 in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Great-West Lifeco has an average rating of “Hold” and a consensus price target of C$37.44.
Great-West Lifeco (TSE:GWO) opened at C$33.95 on Friday. The firm 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 fifty-two week low of C$33.01 and a fifty-two week high of C$37.79.
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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.
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