Dundee Securities Reaffirms “Neutral” Rating for Great-West Lifeco Inc. (GWO)
Great-West Lifeco Inc. (TSE:GWO)‘s stock had its “neutral” rating reissued by Dundee Securities in a report released on Wednesday. They presently have a C$32.00 target price on the stock. Dundee Securities’ price target points to a potential downside of 2.50% from the stock’s current price.
GWO has been the topic of several other research reports. Canaccord Genuity cut their price target on Great-West Lifeco from C$36.00 to C$34.00 and set a “hold” rating on the stock in a research report on Monday, June 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$37.00 target price on shares of Great-West Lifeco in a research note on Wednesday, June 8th. BMO Capital Markets downgraded Great-West Lifeco from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$40.00 to C$35.00 in a research note on Friday, August 5th. Scotiabank reiterated a “sector perform” rating and issued a C$38.00 target price on shares of Great-West Lifeco in a research note on Wednesday, June 8th. Finally, CIBC lowered their target price on Great-West Lifeco from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 4th. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Great-West Lifeco currently has an average rating of “Hold” and an average price target of C$34.18.
Shares of Great-West Lifeco (TSE:GWO) traded up 1.34% on Wednesday, hitting $33.26. The stock had a trading volume of 208,249 shares. Great-West Lifeco has a one year low of $30.83 and a one year high of $37.10. The company has a market cap of $32.97 billion and a price-to-earnings ratio of 12.29. The firm’s 50-day moving average is $31.66 and its 200-day moving average is $34.14.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 30th will be given a dividend of $0.346 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.38 dividend on an annualized basis and a yield of 4.22%.
Great-West Lifeco Company Profile
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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