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Stock analysts at Canaccord Genuity began coverage on shares of Great-West Lifeco (TSE:GWO) in a research note issued to investors on Monday. The firm set a “sell” rating and a C$28.00 price target on the stock. Canaccord Genuity’s target price would indicate a potential downside of 6.51% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets cut their price target on shares of Great-West Lifeco from C$34.00 to C$33.00 in a research note on Friday, May 9th. They now have a “market perform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Great-West Lifeco in a research note on Friday, March 28th. They now have a C$35.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Great-West Lifeco from C$33.00 to C$32.00 in a research note on Friday, March 21st. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$33.00.

Great-West Lifeco (TSE:GWO) opened at 29.95 on Monday. Great-West Lifeco has a 52-week low of $27.30 and a 52-week high of $33.56. The stock’s 50-day moving average is $30.24 and its 200-day moving average is $31.25. The company has a market cap of $29.925 billion and a price-to-earnings ratio of 12.58.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.01. Analysts expect that Great-West Lifeco will post $2.50 EPS for the current fiscal year.

The company also recently declared a dividend, which is scheduled for Monday, June 30th. Investors of record on Monday, June 2nd will be given a dividend of $0.2827 per share. The ex-dividend date of this dividend is Thursday, May 29th.

Great-West Lifeco Inc (TSE:GWO) is a financial services holding company with interests in the life insurance, health insurance, asset management, investment and retirement savings and reinsurance businesses.

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