Great-West Lifeco Inc. (TSE:GWO) – Research analysts at Desjardins raised their FY2017 EPS estimates for Great-West Lifeco in a report issued on Monday. Desjardins analyst D. Young now forecasts that the brokerage will post earnings of $2.85 per share for the year, up from their previous estimate of $2.81.
A number of other equities analysts have also weighed in on GWO. Canaccord Genuity decreased their price target on Great-West Lifeco from C$36.00 to C$34.00 and set a “hold” rating for the company in a research report on Monday, June 27th. Barclays PLC decreased their price target on Great-West Lifeco from C$36.00 to C$33.00 in a research report on Tuesday, July 12th. CIBC decreased their price target on Great-West Lifeco from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, August 4th. Scotiabank reiterated a “sector perform” rating and issued a C$37.00 price target on shares of Great-West Lifeco in a research report on Thursday, August 4th. Finally, BMO Capital Markets lowered Great-West Lifeco from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$40.00 to C$35.00 in a research report on Friday, August 5th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$34.27.
Great-West Lifeco (TSE:GWO) traded down 0.12% during trading on Wednesday, reaching $33.28. The company’s stock had a trading volume of 148,522 shares. Great-West Lifeco has a 52-week low of $30.83 and a 52-week high of $37.10. The stock’s 50-day moving average is $32.33 and its 200 day moving average is $33.77. The firm has a market capitalization of $32.99 billion and a price-to-earnings ratio of 12.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 30th were paid a $0.346 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, August 31st.
Great-West Lifeco Company Profile
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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