Great-West Lifeco Inc. (TSE:GWO) Stock Has Average Price Target of C$93.27

Shares of Great-West Lifeco Inc. (TSE:GWO) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$93.27.

A number of brokerages have recently commented on GWO. Desjardins boosted their price target on Great-West Lifeco from C$93.00 to C$95.00 in a research report on Thursday, July 30th. BMO Capital Markets raised their price objective on Great-West Lifeco from C$90.00 to C$92.00 and gave the company a “market perform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price objective on Great-West Lifeco from C$95.00 to C$97.00 in a research note on Thursday, July 30th. Scotiabank boosted their target price on Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th.

Great-West Lifeco Trading Down 1.0%

Shares of TSE GWO opened at C$89.87 on Friday. Great-West Lifeco has a 1 year low of C$55.72 and a 1 year high of C$95.96. The company has a debt-to-equity ratio of 28.63, a current ratio of 6.07 and a quick ratio of 22.18. The firm has a 50-day moving average of C$91.52 and a 200 day moving average of C$82.71. The stock has a market cap of C$80.45 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.61.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. Great-West Lifeco had a net margin of 12.49% and a return on equity of 15.48%. The business had revenue of C$8.35 billion for the quarter. As a group, sell-side analysts expect that Great-West Lifeco will post 4.4525194 EPS for the current fiscal year.

Great-West Lifeco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.67 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.68 dividend on an annualized basis and a yield of 3.0%. Great-West Lifeco’s payout ratio is presently 52.89%.

Great-West Lifeco Company Profile

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.