Brokers Offer Predictions for Great-West Lifeco Inc.’s Q3 2016 Earnings (GWO)
Great-West Lifeco Inc. (TSE:GWO) – Desjardins lowered their Q3 2016 earnings per share (EPS) estimates for Great-West Lifeco in a research note issued on Monday. Desjardins analyst D. Young now anticipates that the firm will earn $0.67 per share for the quarter, down from their prior forecast of $0.68. Desjardins also issued estimates for Great-West Lifeco’s FY2016 earnings at $2.62 EPS and FY2018 earnings at $3.12 EPS.
Other research analysts also recently issued research reports about the stock. CIBC reduced 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 report on Thursday, August 4th. TD Securities reiterated a “hold” rating and set a C$36.00 price target on shares of Great-West Lifeco in a research report on Friday, August 5th. RBC Capital Markets reduced their price target on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Friday, August 5th. BMO Capital Markets downgraded shares of Great-West Lifeco from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$40.00 to C$35.00 in a research report on Friday, August 5th. Finally, Barclays PLC reduced their price target on shares of Great-West Lifeco from C$33.00 to C$32.00 and set an “equal weight” rating on the stock in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of C$34.27.
Great-West Lifeco (TSE:GWO) traded up 0.70% on Tuesday, hitting $33.22. 92,488 shares of the stock traded hands. The stock has a market capitalization of $32.93 billion and a P/E ratio of 12.27. The company’s 50 day moving average price is $32.28 and its 200-day moving average price is $33.79. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.10.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a $0.346 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.38 dividend on an annualized basis and a dividend yield of 4.20%.
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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