Great-West Lifeco Inc (TSE:GWO) Receives C$33.90 Consensus Price Target from Brokerages

Great-West Lifeco Inc (TSE:GWO) has been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the company, reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$33.60.

A number of research analysts recently issued reports on GWO shares. National Bank Financial dropped their price target on Great-West Lifeco from C$33.00 to C$31.00 in a research note on Monday, March 9th. TD Securities upgraded Great-West Lifeco from a “hold” rating to a “buy” rating and dropped their price target for the stock from C$35.00 to C$29.00 in a research note on Monday. CSFB set a C$37.00 target price on Great-West Lifeco and gave the company a “neutral” rating in a research note on Friday, February 7th. CIBC lifted their target price on Great-West Lifeco from C$34.00 to C$36.00 in a research note on Friday, February 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a C$37.00 target price on shares of Great-West Lifeco in a research note on Friday, February 7th.

In related news, Senior Officer Bradley John Fedorchuk sold 2,900 shares of Great-West Lifeco stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of C$34.22, for a total value of C$99,238.00. Following the sale, the insider now directly owns 779 shares in the company, valued at C$26,657.38. Also, Director Michel Plessis-BĂ©lair purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average price of C$21.72 per share, for a total transaction of C$108,576.00. Following the completion of the purchase, the director now owns 55,000 shares of the company’s stock, valued at C$1,194,336.

TSE:GWO traded up C$0.51 during mid-day trading on Monday, reaching C$24.12. 873,094 shares of the stock were exchanged, compared to its average volume of 1,150,755. The company has a 50 day simple moving average of C$30.01 and a 200-day simple moving average of C$31.88. The stock has a market capitalization of $20.44 billion and a P/E ratio of 9.68. The company has a quick ratio of 10.90, a current ratio of 13.24 and a debt-to-equity ratio of 27.24. Great-West Lifeco has a 1 year low of C$18.88 and a 1 year high of C$35.60.

Great-West Lifeco (TSE:GWO) last released its quarterly earnings results on Wednesday, February 12th. The company reported C$0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.01. The firm had revenue of C$10.69 billion for the quarter. As a group, research analysts predict that Great-West Lifeco will post 3.3900001 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.438 dividend. This is an increase from Great-West Lifeco’s previous quarterly dividend of $0.41. This represents a $1.75 annualized dividend and a dividend yield of 7.26%. The ex-dividend date of this dividend is Monday, March 2nd. Great-West Lifeco’s dividend payout ratio (DPR) is 66.27%.

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.

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

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