Great-West Lifeco (TSE:GWO) PT Lowered to C$38.00 at BMO Capital Markets

Great-West Lifeco (TSE:GWOGet Rating) had its price target cut by BMO Capital Markets from C$41.00 to C$38.00 in a research report report published on Friday, BayStreet.CA reports.

GWO has been the subject of several other research reports. Veritas Investment Research restated a sell rating on shares of Great-West Lifeco in a research report on Friday. Scotiabank dropped their price objective on shares of Great-West Lifeco from C$41.00 to C$38.00 in a research note on Monday, May 2nd. National Bankshares dropped their price objective on shares of Great-West Lifeco from C$39.00 to C$38.00 in a research note on Wednesday, April 20th. Barclays dropped their price objective on shares of Great-West Lifeco from C$45.00 to C$41.00 and set a hold rating for the company in a research note on Tuesday, April 12th. Finally, CIBC dropped their price objective on shares of Great-West Lifeco from C$39.00 to C$38.00 and set a neutral rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from, the company currently has an average rating of Hold and an average target price of C$39.64.

Shares of Great-West Lifeco stock opened at C$33.97 on Friday. The firm has a 50-day simple moving average of C$36.22 and a two-hundred day simple moving average of C$37.61. The company has a market cap of C$31.62 billion and a P/E ratio of 10.11. Great-West Lifeco has a fifty-two week low of C$33.37 and a fifty-two week high of C$41.50. The company has a debt-to-equity ratio of 31.93, a quick ratio of 12.57 and a current ratio of 14.96.

Great-West Lifeco (TSE:GWOGet Rating) last issued its quarterly earnings data on Wednesday, February 9th. The company reported C$0.88 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.91 by C($0.03). The business had revenue of C$18.12 billion for the quarter. Equities research analysts forecast that Great-West Lifeco will post 4.0799997 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 31st were issued a dividend of $0.49 per share. The ex-dividend date was Wednesday, March 2nd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.77%. Great-West Lifeco’s dividend payout ratio (DPR) is 58.33%.

In other news, Senior Officer Paul Mahon sold 62,260 shares of the firm’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of C$40.18, for a total transaction of C$2,501,507.18. Following the completion of the transaction, the insider now owns 218,906 shares in the company, valued at approximately C$8,795,292.83.

About Great-West Lifeco (Get Rating)

Great-West Lifeco Inc, a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, 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, health and dental protection, and creditor insurance products; and retirement savings and income, annuity, and other specialty products.

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