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

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

A number of research firms have issued reports on GWO. National Bank Financial upped their target price on shares of Great-West Lifeco from C$93.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. TD lifted their price target on shares of Great-West Lifeco from C$98.00 to C$106.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce boosted their price target on shares of Great-West Lifeco from C$95.00 to C$97.00 in a research note on Thursday, July 30th. Jefferies Financial Group increased their price objective on shares of Great-West Lifeco from C$84.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets raised their price objective on shares of Great-West Lifeco from C$90.00 to C$92.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th.

Great-West Lifeco Trading Down 0.6%

GWO stock opened at C$92.74 on Friday. The company has a market cap of C$83.02 billion, a P/E ratio of 19.16, a PEG ratio of 2.26 and a beta of 0.61. Great-West Lifeco has a twelve month low of C$55.13 and a twelve month high of C$95.96. The company has a quick ratio of 22.18, a current ratio of 6.07 and a debt-to-equity ratio of 28.63. The business has a fifty day moving average of C$91.59 and a 200-day moving average of C$82.31.

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

Great-West Lifeco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.9%. Great-West Lifeco’s dividend payout ratio is 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.