Great-West Lifeco (TSE:GWO) had its price target boosted by Royal Bank of Canada from C$36.00 to C$37.00 in a research note published on Tuesday. They currently have a sector perform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity lowered their price target on shares of Great-West Lifeco from C$35.00 to C$34.00 in a research report on Friday, February 8th. Eight Capital upped their price target on shares of Great-West Lifeco from C$29.00 to C$30.00 in a research report on Friday, February 8th. BMO Capital Markets lowered their price target on shares of Great-West Lifeco from C$33.00 to C$32.00 in a research report on Friday, January 25th. Desjardins upped their price target on shares of Great-West Lifeco from C$33.00 to C$34.00 in a research report on Tuesday. Finally, TD Securities lowered their price target on shares of Great-West Lifeco from C$34.00 to C$33.00 and set a hold rating for the company in a research report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Great-West Lifeco currently has a consensus rating of Hold and an average price target of C$33.39.
Great-West Lifeco stock opened at C$31.41 on Tuesday. The stock has a market capitalization of $31.31 billion and a price-to-earnings ratio of 10.49. The company has a debt-to-equity ratio of 25.24, a current ratio of 8.90 and a quick ratio of 8.22. Great-West Lifeco has a 1 year low of C$26.83 and a 1 year high of C$34.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 29th will be given a $0.413 dividend. This represents a $1.65 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Thursday, February 28th. This is a boost from Great-West Lifeco’s previous quarterly dividend of $0.39. Great-West Lifeco’s dividend payout ratio is presently 51.97%.
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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