Great-West Lifeco (TSE:GWO) Given New C$56.00 Price Target at CIBC

by · The Markets Daily

Great-West Lifeco (TSE:GWO – Free Report) had its price target boosted by CIBC from C$55.00 to C$56.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group boosted their price objective on Great-West Lifeco from C$42.00 to C$48.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Barclays boosted their price objective on Great-West Lifeco from C$45.00 to C$46.00 in a research report on Monday, January 6th. Scotiabank boosted their price objective on Great-West Lifeco from C$44.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Great-West Lifeco has a consensus rating of “Hold” and a consensus target price of C$47.88.

View Our Latest Stock Report on Great-West Lifeco

Great-West Lifeco Stock Performance

TSE GWO opened at C$46.58 on Thursday. The company has a market cap of C$43.42 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18. The stock has a 50-day moving average of C$47.59 and a two-hundred day moving average of C$45.69. Great-West Lifeco has a 1-year low of C$38.44 and a 1-year high of C$50.99.

Great-West Lifeco (TSE:GWO – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$1.14 earnings per share for the quarter, beating the consensus estimate of C$1.08 by C$0.06. Great-West Lifeco had a return on equity of 13.21% and a net margin of 11.32%. During the same period in the prior year, the company posted $1.00 earnings per share. As a group, analysts anticipate that Great-West Lifeco will post 4.4525194 EPS for the current year.

Great-West Lifeco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 4.77%. The ex-dividend date was Tuesday, December 3rd. Great-West Lifeco’s payout ratio is 55.78%.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Senior Officer David Martin Harney sold 562 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$47.55, for a total value of C$26,721.58. Also, Senior Officer Colleen Nancy Bailey Moffitt sold 825 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$49.11, for a total value of C$40,515.75. Following the completion of the sale, the insider now owns 66 shares of the company’s stock, valued at approximately C$3,241.26. This represents a 92.59 % decrease in their position. Over the last quarter, insiders sold 174,613 shares of company stock worth $8,697,880. 70.70% of the stock is owned by insiders.

About Great-West Lifeco

(Get Free Report)

Great-West Lifeco Inc 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 life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.

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