Great-West Lifeco Inc. (GWO) Receives Neutral Rating from Dundee Securities
Great-West Lifeco Inc. (TSE:GWO)‘s stock had its “neutral” rating reiterated by analysts at Dundee Securities in a research note issued on Wednesday. They currently have a C$32.00 price objective on the stock. Dundee Securities’ price target indicates a potential downside of 2.50% from the company’s current price.
A number of other analysts also recently weighed in on GWO. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$37.00 target price on shares of Great-West Lifeco in a research report on Wednesday, June 8th. Scotiabank reiterated a “sector perform” rating and issued a C$38.00 price target on shares of Great-West Lifeco in a research note on Wednesday, June 8th. Canaccord Genuity dropped their price target on shares of Great-West Lifeco from C$36.00 to C$34.00 and set a “hold” rating on the stock in a research note on Monday, June 27th. Barclays PLC dropped their price target on shares of Great-West Lifeco from C$36.00 to C$33.00 in a research note on Tuesday, July 12th. Finally, CIBC dropped their price target on shares of 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 investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$34.18.
Great-West Lifeco (TSE:GWO) traded up 1.34% during trading on Wednesday, hitting $33.26. 126,255 shares of the stock traded hands. The firm has a 50-day moving average price of $31.66 and a 200 day moving average price of $34.14. Great-West Lifeco has a 52-week low of $30.83 and a 52-week high of $37.10. The company has a market cap of $32.97 billion and a P/E ratio of 12.29.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 30th will be paid a $0.346 dividend. This represents a $1.38 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 31st.
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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