Great-West Lifeco (TSE:GWO) Price Target Lowered to C$34.00 at BMO Capital Markets

Great-West Lifeco (TSE:GWOGet Rating) had its price target reduced by BMO Capital Markets from C$35.00 to C$34.00 in a research report sent to investors on Friday, BayStreet.CA reports.

Several other research analysts have also recently weighed in on GWO. Barclays cut their price objective on Great-West Lifeco from C$41.00 to C$37.00 and set an equal weight rating on the stock in a research report on Wednesday, July 13th. Veritas Investment Research reissued a sell rating on shares of Great-West Lifeco in a research report on Friday, May 6th. Scotiabank dropped their price target on Great-West Lifeco from C$38.00 to C$37.00 in a research report on Wednesday, July 27th. CIBC dropped their price target on Great-West Lifeco from C$38.00 to C$35.00 in a research report on Friday, July 22nd. Finally, National Bankshares dropped their price target on Great-West Lifeco from C$37.00 to C$36.00 and set a sector perform rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Great-West Lifeco has a consensus rating of Hold and an average price target of C$38.22.

Great-West Lifeco Stock Up 0.2 %

GWO stock opened at C$31.10 on Friday. The stock’s fifty day simple moving average is C$31.60 and its two-hundred day simple moving average is C$34.96. The company has a current ratio of 5.55, a quick ratio of 2.45 and a debt-to-equity ratio of 31.97. Great-West Lifeco has a 1-year low of C$29.93 and a 1-year high of C$41.50. The stock has a market cap of C$28.98 billion and a P/E ratio of 9.09.

Great-West Lifeco (TSE:GWOGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported C$0.87 earnings per share for the quarter, hitting the consensus estimate of C$0.87. The business had revenue of C$9.03 billion during the quarter. Analysts expect that Great-West Lifeco will post 3.85 EPS for the current year.

Great-West Lifeco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 30th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.30%. Great-West Lifeco’s payout ratio is 54.27%.

Insider Activity at Great-West Lifeco

In related news, Director Claude Généreux acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average cost of C$32.55 per share, for a total transaction of C$195,300.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately C$195,300.

Great-West Lifeco Company Profile

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Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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