Several other brokerages also recently weighed in on GWO. Barclays PLC lowered their target price on shares of Great-West Lifeco from C$36.00 to C$33.00 in a research note on Tuesday, July 12th. Canaccord Genuity lowered their target price on shares of Great-West Lifeco from C$36.00 to C$34.00 and set a hold rating for the company in a research note on Monday, June 27th. TD Securities restated a hold rating and issued a C$36.00 target price on shares of Great-West Lifeco in a research note on Friday, August 5th. BMO Capital Markets downgraded shares of Great-West Lifeco from an outperform rating to a market perform rating and lowered their target price for the company from C$40.00 to C$35.00 in a research note on Friday, August 5th. Finally, Royal Bank Of Canada lowered their target price on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a sector perform rating for the company in a research note on Monday, August 8th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Great-West Lifeco has an average rating of Hold and an average target price of C$34.18.
Shares of Great-West Lifeco (TSE:GWO) opened at 32.50 on Wednesday. The stock has a 50 day moving average price of $31.65 and a 200 day moving average price of $34.11. Great-West Lifeco has a 1-year low of $30.83 and a 1-year high of $37.10. The stock has a market capitalization of $32.21 billion and a price-to-earnings ratio of 12.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 30th will be issued a dividend of $0.346 per share. The ex-dividend date is Wednesday, August 31st. This represents a $1.38 annualized dividend and a dividend yield of 4.26%.
About Great-West Lifeco
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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