Great-West Lifeco Inc (TSE:GWO) Given Consensus Recommendation of “Hold” by Analysts
Great-West Lifeco Inc (TSE:GWO) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$36.70.
A number of research analysts have issued reports on GWO shares. Scotiabank cut their price target on shares of 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 lowered shares of Great-West Lifeco from a “buy” rating to a “hold” rating and cut their price target for the company from C$42.00 to C$37.00 in a research note on Friday, May 5th. BMO Capital Markets restated a “market perform” rating and set a C$39.00 price target on shares of Great-West Lifeco in a research note on Wednesday, April 26th. CIBC upped their price target on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, April 26th. Finally, Barclays PLC upped their price target on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research note on Wednesday, July 12th.
Shares of Great-West Lifeco (TSE GWO) opened at 35.47 on Friday. The stock’s 50 day moving average is $35.40 and its 200-day moving average is $35.73. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.79. The stock has a market cap of $35.11 billion and a PE ratio of 13.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.367 per share. This represents a $1.47 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, August 30th.
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In related news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of C$34.11, for a total transaction of C$1,148,313.15.
About Great-West Lifeco
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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