Great-West Lifeco Inc (GWO) Given Average Rating of “Hold” by Analysts
Great-West Lifeco Inc (TSE:GWO) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$36.70.
Separately, Barclays PLC boosted their target price on Great-West Lifeco from C$36.00 to C$37.00 in a research report on Wednesday, July 12th.
In related news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the business’s stock in a transaction that occurred 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.
Great-West Lifeco (TSE:GWO) opened at 34.62 on Wednesday. Great-West Lifeco has a one year low of $30.85 and a one year high of $37.79. The company has a 50-day moving average of $35.22 and a 200-day moving average of $35.54. The company has a market cap of $34.27 billion and a price-to-earnings ratio of 13.57.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be given a $0.367 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.47 dividend on an annualized basis and a yield of 4.24%.
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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