Great-West Lifeco (TSE:GWO) had its price objective lowered by BMO Capital Markets from C$34.00 to C$32.00 in a research note released on Thursday morning, BayStreet.CA reports.
Other equities research analysts have also recently issued reports about the company. TD Securities dropped their price objective on Great-West Lifeco from C$35.00 to C$34.00 and set a hold rating for the company in a research note on Friday, May 3rd. Desjardins reaffirmed a hold rating on shares of Great-West Lifeco in a research note on Monday, July 22nd. Canaccord Genuity dropped their price objective on Great-West Lifeco from C$35.00 to C$34.00 in a research note on Friday, May 3rd. CIBC dropped their price objective on Great-West Lifeco from C$37.50 to C$37.00 in a research note on Friday, May 3rd. Finally, Eight Capital dropped their price objective on Great-West Lifeco from C$33.00 to C$31.00 in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of C$32.39.
Great-West Lifeco stock traded down C$0.04 during midday trading on Thursday, hitting C$28.31. 1,049,958 shares of the company were exchanged, compared to its average volume of 782,653. The company has a debt-to-equity ratio of 25.30, a current ratio of 11.51 and a quick ratio of 10.81. Great-West Lifeco has a fifty-two week low of C$26.83 and a fifty-two week high of C$34.42. The stock’s fifty day simple moving average is C$29.89. The company has a market cap of $26.33 billion and a price-to-earnings ratio of 9.68.
Great-West Lifeco (TSE:GWO) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.75 by C($0.08). The firm had revenue of C$16.89 billion during the quarter. Equities research analysts expect that Great-West Lifeco will post 3.3099999 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.413 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.65 annualized dividend and a yield of 5.84%. Great-West Lifeco’s payout ratio is 54.11%.
About Great-West Lifeco
Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, 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, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.
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