Great-West Lifeco Inc. (TSE:GWO) Stock Has Consensus Target Price of C$93.18 According to Brokerages

Great-West Lifeco Inc. (TSE:GWO – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$93.18.

A number of brokerages recently weighed in on GWO. Jefferies Financial Group raised their price objective on Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Evercore upgraded Great-West Lifeco to a “hold” rating in a research note on Tuesday, September 29th. BMO Capital Markets boosted their target price on shares of Great-West Lifeco from C$90.00 to C$92.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price target on shares of Great-West Lifeco from C$95.00 to C$97.00 in a research report on Thursday, July 30th. Finally, TD increased their price target on shares of Great-West Lifeco from C$98.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th.

Read Our Latest Stock Report on GWO

Great-West Lifeco Stock Down 2.1%

Shares of TSE GWO opened at C$89.89 on Wednesday. The company has a current ratio of 6.07, a quick ratio of 22.18 and a debt-to-equity ratio of 28.63. The stock has a market capitalization of C$80.47 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.62. The stock’s fifty day simple moving average is C$90.79 and its two-hundred day simple moving average is C$85.61. Great-West Lifeco has a 12-month low of C$58.50 and a 12-month high of C$95.96.

Great-West Lifeco (TSE:GWO – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$1.42 EPS for the quarter. The firm had revenue of C$8.35 billion during the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%. As a group, analysts expect that Great-West Lifeco will post 4.45 EPS for the current fiscal year.

Great-West Lifeco Announces Dividend

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

About Great-West Lifeco

(Get Free Report)

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.

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

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