Great-West Lifeco Inc. (TSE:GWO) Receives Average Recommendation of “Hold” from Analysts

Great-West Lifeco Inc. (TSE:GWO – Get Rating) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$33.00.

GWO has been the subject of a number of recent research reports. TD Securities cut Great-West Lifeco from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$31.00 to C$30.00 in a report on Thursday, November 3rd. BMO Capital Markets reduced their price target on Great-West Lifeco from C$33.00 to C$32.00 in a research report on Friday, November 4th. National Bankshares reduced their price target on Great-West Lifeco from C$36.00 to C$35.00 in a research report on Friday, October 28th. Barclays dropped their target price on Great-West Lifeco from C$37.00 to C$32.00 in a research note on Wednesday, October 12th. Finally, Royal Bank of Canada dropped their target price on Great-West Lifeco from C$42.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Friday, November 4th.

Great-West Lifeco Trading Up 1.0 %

Great-West Lifeco stock opened at C$34.36 on Friday. The company has a debt-to-equity ratio of 31.82, a current ratio of 25.39 and a quick ratio of 22.18. Great-West Lifeco has a one year low of C$27.99 and a one year high of C$41.50. The stock has a market capitalization of C$32.02 billion and a PE ratio of 10.84. The business’s fifty day moving average is C$31.86 and its 200 day moving average is C$31.31.

Great-West Lifeco (TSE:GWO – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported C$0.74 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.81 by C($0.07). The business had revenue of C$12.37 billion during the quarter. On average, sell-side analysts predict that Great-West Lifeco will post 3.6500001 EPS for the current year.

Great-West Lifeco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 30th were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.96 annualized dividend and a yield of 5.70%. Great-West Lifeco’s payout ratio is 61.83%.

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.