Great-West Lifeco Inc. (GWO) PT Raised to C$33.00 at Barclays PLC
Great-West Lifeco Inc. (TSE:GWO) had its price objective increased by investment analysts at Barclays PLC from C$32.00 to C$33.00 in a research note issued on Thursday. Barclays PLC’s price objective would suggest a potential downside of 0.39% from the company’s current price.
A number of other equities research analysts have also commented on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a C$37.00 price objective on shares of Great-West Lifeco in a research note on Thursday, August 4th. BMO Capital Markets lowered shares of Great-West Lifeco from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$40.00 to C$35.00 in a research note on Friday, August 5th. CSFB reduced their price objective on shares of Great-West Lifeco from C$36.00 to C$34.00 and set an “underperform” rating on the stock in a research note on Tuesday, August 23rd. Dundee Securities reaffirmed a “neutral” rating and issued a C$32.00 price objective on shares of Great-West Lifeco in a research note on Wednesday, September 21st. Finally, Canaccord Genuity lowered shares of Great-West Lifeco from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$34.00 to C$33.00 in a research note on Tuesday, July 26th. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$34.27.
Great-West Lifeco (TSE:GWO) traded up 0.72% during mid-day trading on Thursday, reaching $33.37. The company’s stock had a trading volume of 210,439 shares. Great-West Lifeco has a 52 week low of $30.83 and a 52 week high of $37.10. The firm has a 50-day moving average of $32.13 and a 200-day moving average of $33.85. The stock has a market capitalization of $33.07 billion and a price-to-earnings ratio of 12.33.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were issued a dividend of $0.346 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $1.38 annualized dividend and a yield of 4.18%.
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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