TD Securities Lowers Great-West Lifeco (TSE:GWO) Price Target to C$31.00

Great-West Lifeco (TSE:GWO) had its price objective reduced by TD Securities from C$33.00 to C$31.00 in a research note published on Thursday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. CIBC decreased their price objective on Great-West Lifeco from C$37.50 to C$37.00 in a research note on Friday, May 3rd. Eight Capital decreased their price objective on Great-West Lifeco from C$30.00 to C$29.00 in a research note on Thursday. National Bank Financial lifted their price objective on Great-West Lifeco from C$31.00 to C$33.00 and gave the company a sector perform rating in a research note on Monday, April 29th. Barclays cut Great-West Lifeco from an equal weight rating to an underweight rating and decreased their price objective for the company from C$33.00 to C$32.00 in a research note on Wednesday, June 12th. Finally, Canaccord Genuity decreased their price objective on Great-West Lifeco from C$35.00 to C$34.00 in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of C$32.39.

Shares of GWO opened at C$28.31 on Thursday. The firm has a 50-day moving average of C$29.86. The company has a quick ratio of 9.84, a current ratio of 11.91 and a debt-to-equity ratio of 25.37. The stock has a market cap of $26.29 billion and a PE ratio of 10.99. Great-West Lifeco has a 1 year low of C$26.83 and a 1 year high of C$34.42.

Great-West Lifeco (TSE:GWO) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.75 by C($0.08). The firm had revenue of C$16.89 billion during the quarter. Research analysts forecast that Great-West Lifeco will post 3.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.413 per share. This represents a $1.65 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Thursday, August 29th. Great-West Lifeco’s payout ratio is 64.03%.

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, 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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Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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