Great-West Lifeco (TSE:GWO) PT Lowered to C$32.50

Great-West Lifeco (TSE:GWO) had its target price lowered by CIBC from C$37.00 to C$32.50 in a report issued on Thursday, BayStreet.CA reports.

A number of other brokerages also recently commented on GWO. National Bank Financial increased their price target on Great-West Lifeco from C$31.00 to C$33.00 and gave the company a sector perform rating in a report on Monday, April 29th. Desjardins reissued a hold rating on shares of Great-West Lifeco in a report on Monday, July 22nd. Eight Capital reduced their price target on Great-West Lifeco from C$30.00 to C$29.00 in a report on Thursday. Canaccord Genuity reduced their price target on Great-West Lifeco from C$35.00 to C$34.00 in a report on Friday, May 3rd. Finally, Royal Bank of Canada reduced their price target on Great-West Lifeco from C$37.00 to C$36.00 and set a sector perform rating for the company in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$32.39.

Shares of GWO opened at C$28.31 on Thursday. The stock has a market capitalization of $26.29 billion and a P/E ratio of 10.99. Great-West Lifeco has a one year low of C$26.83 and a one year high of C$34.42. The company has a debt-to-equity ratio of 25.37, a current ratio of 11.91 and a quick ratio of 9.84. The company has a 50-day simple moving average of C$29.86.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$0.67 EPS for the quarter, missing analysts’ consensus estimates of C$0.75 by C($0.08). The company had revenue of C$16.89 billion during the quarter. Sell-side analysts anticipate that Great-West Lifeco will post 3.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.413 per share. This represents a $1.65 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Thursday, August 29th. Great-West Lifeco’s dividend payout ratio is presently 64.03%.

Great-West Lifeco Company Profile

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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Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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