Great-West Lifeco (TSE:GWO) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Great-West Lifeco Inc. (TSE:GWO – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$56.20 and traded as high as C$67.31. Great-West Lifeco shares last traded at C$67.05, with a volume of 1,307,833 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GWO shares. TD Securities boosted their target price on shares of Great-West Lifeco from C$66.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Desjardins upped their price objective on shares of Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Barclays raised their target price on shares of Great-West Lifeco from C$58.00 to C$59.00 in a research report on Thursday, November 6th. UBS Group raised Great-West Lifeco to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, National Bankshares lifted their price objective on Great-West Lifeco from C$58.00 to C$59.00 in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$62.11.

Get Our Latest Research Report on Great-West Lifeco

Great-West Lifeco Price Performance

The business’s 50-day simple moving average is C$62.15 and its two-hundred day simple moving average is C$56.30. The stock has a market capitalization of C$60.75 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.26 and a beta of 0.69.

Great-West Lifeco (TSE:GWO – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$1.33 earnings per share for the quarter. Great-West Lifeco had a net margin of 16.06% and a return on equity of 14.81%. The business had revenue of C$8.21 billion for the quarter. As a group, sell-side analysts expect that Great-West Lifeco Inc. will post 4.4525194 EPS for the current year.

Great-West Lifeco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, December 3rd. Great-West Lifeco’s dividend payout ratio is currently 55.34%.

About Great-West Lifeco

(Get Free Report)

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.

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