Great-West Lifeco Inc (GWO) Receives Consensus Rating of “Hold” from Analysts
Shares of Great-West Lifeco Inc (TSE:GWO) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$36.70.
GWO has been the subject of a number of analyst reports. CIBC cut Great-West Lifeco from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from C$39.00 to C$37.00 in a research note on Friday, May 5th. TD Securities cut Great-West Lifeco from a “buy” rating to a “hold” rating and decreased their price target for the company from C$42.00 to C$37.00 in a research note on Friday, May 5th. Scotiabank decreased their price target on Great-West Lifeco from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Friday, May 5th. BMO Capital Markets reiterated a “market perform” rating and issued a C$39.00 price target on shares of Great-West Lifeco in a research note on Wednesday, April 26th. Finally, Barclays PLC increased their price target on Great-West Lifeco from C$36.00 to C$37.00 in a research note on Wednesday, July 12th.
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Shares of Great-West Lifeco (TSE GWO) opened at 35.53 on Tuesday. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.79. The company has a 50-day moving average price of $34.05 and a 200 day moving average price of $35.75. The company has a market capitalization of $35.17 billion and a P/E ratio of 13.47.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 30th were paid a $0.367 dividend. This represents a $1.47 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, May 31st.
In other news, Director Deborah Jean Barrett acquired 2,900 shares of Great-West Lifeco stock in a transaction dated Tuesday, May 9th. The stock was purchased at an average cost of C$34.91 per share, for a total transaction of C$101,239.00. Also, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of C$34.11, for a total value of C$1,148,313.15.
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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