Great-West Lifeco Given Consensus Recommendation of “Hold” by Brokerages (TSE:GWO)
Great-West Lifeco (TSE:GWO) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, American Banking & Market News reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$33.00.
A number of research firms have recently commented on GWO. Analysts at Canaccord Genuity initiated coverage on shares of Great-West Lifeco in a research note on Monday, May 26th. They set a “sell” rating and a C$28.00 price target on the stock. Separately, 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. Finally, 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.
Great-West Lifeco (TSE:GWO) opened at 29.80 on Wednesday. Great-West Lifeco has a 52-week low of $27.89 and a 52-week high of $33.56. The stock has a 50-day moving average of $29.80 and a 200-day moving average of $30.72. The company has a market cap of $29.775 billion and a price-to-earnings ratio of 12.45.
Great-West Lifeco (TSE:GWO) last announced its 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. On average, analysts predict that Great-West Lifeco will post $2.50 earnings per share for the current fiscal year.
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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