Great-West Lifeco Inc. (TSE:GWO) Given Consensus Rating of “Hold” by Brokerages

Great-West Lifeco Inc. (TSE:GWOGet Rating) has received a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$38.22.

GWO has been the subject of several research analyst reports. Scotiabank reduced their target price on Great-West Lifeco from C$38.00 to C$37.00 in a research note on Wednesday, July 27th. Barclays dropped their price target on Great-West Lifeco from C$41.00 to C$37.00 and set an “equal weight” rating for the company in a report on Wednesday, July 13th. CIBC dropped their price target on Great-West Lifeco from C$38.00 to C$35.00 in a report on Friday, July 22nd. BMO Capital Markets dropped their price target on Great-West Lifeco from C$35.00 to C$34.00 in a report on Friday, August 5th. Finally, National Bankshares dropped their price target on Great-West Lifeco from C$37.00 to C$36.00 and set a “sector perform” rating for the company in a report on Thursday, August 4th.

Great-West Lifeco Stock Performance

Shares of TSE GWO opened at C$31.42 on Monday. The company has a current ratio of 26.00, a quick ratio of 22.90 and a debt-to-equity ratio of 31.97. Great-West Lifeco has a 12 month low of C$29.93 and a 12 month high of C$41.50. The stock has a 50 day moving average of C$31.51 and a 200-day moving average of C$33.41. The company has a market capitalization of C$29.28 billion and a P/E ratio of 9.32.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 29th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.96 annualized dividend and a yield of 6.24%. Great-West Lifeco’s dividend payout ratio is presently 56.62%.

Great-West Lifeco Company Profile

(Get Rating)

Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

Further Reading

Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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