Great-West Lifeco Inc (TSE:GWO) – Equities research analysts at National Bank Financial cut their FY2018 earnings per share estimates for shares of Great-West Lifeco in a report released on Tuesday, October 30th. National Bank Financial analyst G. Dechaine now anticipates that the company will earn $2.98 per share for the year, down from their prior forecast of $3.00. National Bank Financial has a “Outperform” rating and a $37.00 price target on the stock.
Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Wednesday, August 1st. The company reported C$0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.75 by C$0.09. The firm had revenue of C$10.61 billion during the quarter.
A number of other equities research analysts have also issued reports on GWO. Canaccord Genuity set a C$38.00 price objective on shares of Great-West Lifeco and gave the company a “buy” rating in a report on Tuesday, July 24th. TD Securities increased their target price on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research note on Thursday, August 2nd. Eight Capital lowered their target price on shares of Great-West Lifeco from C$36.00 to C$35.00 in a research note on Thursday, August 2nd. BMO Capital Markets lowered their target price on shares of Great-West Lifeco from C$37.00 to C$36.00 in a research note on Thursday, August 2nd. Finally, Desjardins lowered their target price on shares of Great-West Lifeco from C$35.00 to C$33.00 in a research note on Tuesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Great-West Lifeco has an average rating of “Hold” and a consensus price target of C$34.89.
Shares of GWO opened at C$30.31 on Friday. Great-West Lifeco has a 12-month low of C$29.47 and a 12-month high of C$36.30.
Great-West Lifeco Company Profile
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, Europe, and Asia. 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 accumulation and annuity products.
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