Today, Scotiabank Downgraded Great-West Lifeco Inc. (GWO) Price Target to C$35.00

Today, Scotiabank Downgraded Great-West Lifeco Inc. (GWO) Price Target to C$35.00

Great-West Lifeco Inc. (TSE:GWO) had its price objective cut by equities researchers at Scotiabank from C$36.00 to C$35.00 in a research report issued on Monday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 1.69% from the company’s previous close.

Several other research firms have also recently commented on GWO. Canaccord Genuity cut shares of Great-West Lifeco from a “hold” rating to a “sell” rating and dropped their target price for the stock from C$34.00 to C$33.00 in a research report on Tuesday, July 26th. CIBC lowered their price target on shares of Great-West Lifeco from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, August 4th. Barclays PLC lowered their price target on shares of Great-West Lifeco from C$36.00 to C$33.00 in a research report on Tuesday, July 12th. Royal Bank Of Canada lifted their price target on shares of Great-West Lifeco from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Friday, November 4th. Finally, TD Securities reissued a “hold” rating and set a C$36.00 price target on shares of Great-West Lifeco in a research report on Friday, November 4th. Two research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$34.36.

Shares of Great-West Lifeco (TSE:GWO) traded up 0.82% during midday trading on Monday, reaching $35.60. 814,085 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $33.91 and a 200-day moving average of $33.45. The stock has a market capitalization of $35103.81 billion and a P/E ratio of 13.33. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.10.

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