Great-West Lifeco Inc (GWO) Given Consensus Rating of “Hold” by Brokerages
Shares of Great-West Lifeco Inc (TSE:GWO) have received an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$36.70.
GWO has been the subject of a number of research analyst reports. BMO Capital Markets reissued a “market perform” rating and set a C$39.00 target price on shares of Great-West Lifeco in a research report on Wednesday, April 26th. CIBC increased their target price on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research report on Wednesday, April 26th. Scotiabank dropped their target price on shares of Great-West Lifeco from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Friday, May 5th. TD Securities downgraded shares of Great-West Lifeco from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$42.00 to C$37.00 in a research report on Friday, May 5th. Finally, Barclays PLC increased their target price on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research report on Wednesday, July 12th.
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In other news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the 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 transaction of C$1,148,313.15.
Shares of Great-West Lifeco (TSE:GWO) opened at 35.47 on Friday. The company’s 50-day moving average is $35.40 and its 200 day moving average is $35.73. Great-West Lifeco has a 52-week low of $30.83 and a 52-week high of $37.79. The firm has a market capitalization of $35.11 billion and a PE ratio of 13.90.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.367 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, August 30th.
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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