Great-West Lifeco Inc (TSE:GWO) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$32.19.
A number of equities research analysts have issued reports on GWO shares. TD Securities lowered their price target on Great-West Lifeco from C$33.00 to C$31.00 and set a “hold” rating for the company in a research report on Thursday, August 1st. BMO Capital Markets lowered their price target on Great-West Lifeco from C$34.00 to C$32.00 in a research report on Thursday, August 1st. National Bank Financial lowered their price target on Great-West Lifeco from C$33.00 to C$31.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. CIBC lowered their price target on Great-West Lifeco from C$37.00 to C$32.50 in a research report on Thursday, August 1st. Finally, Barclays downgraded Great-West Lifeco from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from C$33.00 to C$32.00 in a research report on Wednesday, June 12th.
GWO stock traded up C$0.31 during trading on Friday, reaching C$27.90. 364,600 shares of the stock traded hands, compared to its average volume of 776,093. The business’s 50 day moving average price is C$29.24 and its 200-day moving average price is C$30.79. Great-West Lifeco has a 52-week low of C$26.83 and a 52-week high of C$34.42. The company has a debt-to-equity ratio of 25.37, a current ratio of 11.91 and a quick ratio of 9.84. The firm has a market capitalization of $25.91 billion and a PE ratio of 10.83.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a $0.413 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Thursday, August 29th. Great-West Lifeco’s payout ratio is 62.24%.
Great-West Lifeco Company Profile
Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, 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, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.
Featured Story: What does an inverted yield curve signify?
Receive News & Ratings for Great-West Lifeco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great-West Lifeco and related companies with MarketBeat.com's FREE daily email newsletter.