Analysts Issue Forecasts for Great-West Lifeco Inc’s Q2 2018 Earnings (TSE:GWO)
Great-West Lifeco Inc (TSE:GWO) – Equities researchers at National Bank Financial issued their Q2 2018 EPS estimates for shares of Great-West Lifeco in a research report issued on Wednesday. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings per share of $0.73 for the quarter.
A number of other equities research analysts have also commented on GWO. BMO Capital Markets restated a “market perform” rating and set a C$39.00 price objective on shares of Great-West Lifeco in a research report on Wednesday, April 26th. CIBC raised their price objective on Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, April 26th. Scotiabank cut their price objective on Great-West Lifeco from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Friday, May 5th. TD Securities downgraded Great-West Lifeco from a “buy” rating to a “hold” rating and cut their price objective for the company from C$42.00 to C$37.00 in a research note on Friday, May 5th. Finally, Barclays PLC raised their price objective on Great-West Lifeco from C$36.00 to C$37.00 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$36.70.
Great-West Lifeco (TSE:GWO) opened at 35.76 on Monday. Great-West Lifeco has a 52 week low of $30.83 and a 52 week high of $37.79. The company has a 50-day moving average of $35.06 and a 200 day moving average of $35.74. The firm has a market cap of $35.40 billion and a P/E ratio of 13.56.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $0.367 dividend. This represents a $1.47 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, August 30th.
In other Great-West Lifeco news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of Great-West Lifeco stock in a transaction on 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. Also, Director Deborah Jean Barrett acquired 2,900 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average price of C$34.91 per share, with a total value of C$101,239.00.
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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