Great-West Lifeco Inc. (GWO) Stock Rating Reaffirmed by Dundee Securities
Great-West Lifeco Inc. (TSE:GWO)‘s stock had its “neutral” rating reissued by equities researchers at Dundee Securities in a note issued to investors on Wednesday. They currently have a C$32.00 price target on the stock. Dundee Securities’ price objective points to a potential downside of 3.15% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Barclays PLC cut their price objective on shares of Great-West Lifeco from C$36.00 to C$33.00 in a report on Tuesday, July 12th. Canaccord Genuity cut their price objective on shares of Great-West Lifeco from C$36.00 to C$34.00 and set a “hold” rating on the stock in a report on Monday, June 27th. TD Securities restated a “hold” rating and issued a C$36.00 price objective on shares of Great-West Lifeco in a report on Friday, August 5th. BMO Capital Markets cut shares of Great-West Lifeco from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$40.00 to C$35.00 in a report on Friday, August 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a “sector perform” rating on the stock in a report on Monday, August 8th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. Great-West Lifeco presently has an average rating of “Hold” and a consensus price target of C$34.18.
Shares of Great-West Lifeco (TSE:GWO) opened at 33.04 on Wednesday. The company has a market cap of $32.75 billion and a PE ratio of 12.21. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.10. The company has a 50 day moving average of $31.63 and a 200-day moving average of $34.12.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be given a dividend of $0.346 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.38 dividend on an annualized basis and a yield of 4.19%.
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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