Great-West Lifeco Inc (GWO) Price Target Raised to C$37.00 at Barclays PLC
A number of other research firms have also recently commented on GWO. CIBC upped their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research report on Tuesday, May 2nd. BMO Capital Markets reiterated a market perform rating and set a C$39.00 target price on shares of Great-West Lifeco in a report on Wednesday, April 26th. Scotiabank lowered their target price on Great-West Lifeco from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Friday, May 5th. Finally, TD Securities cut Great-West Lifeco from a buy rating to a hold rating and lowered their target price for the stock from C$42.00 to C$37.00 in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock has an average rating of Hold and a consensus target price of C$36.70.
Shares of Great-West Lifeco (TSE GWO) traded up 0.59% during mid-day trading on Wednesday, hitting $35.76. The stock had a trading volume of 246,881 shares. Great-West Lifeco has a 12-month low of $30.83 and a 12-month high of $37.79. The stock has a market capitalization of $35.40 billion and a price-to-earnings ratio of 13.56. The stock’s 50-day moving average price is $35.06 and its 200-day moving average price is $35.74.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.367 per share. This represents a $1.47 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Wednesday, August 30th.
In other Great-West Lifeco news, Director Deborah Jean Barrett acquired 2,900 shares of Great-West Lifeco stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of C$34.91 per share, for a total transaction of C$101,239.00. Also, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of C$34.11, for a total transaction of C$1,148,313.15.
About Great-West Lifeco
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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