Great-West Lifeco Inc. (TSE:GWO) Stock Has Consensus Target Price of C$93.18

Shares of Great-West Lifeco Inc. (TSE:GWO) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$93.18.

Several analysts recently commented on GWO shares. Evercore raised shares of Great-West Lifeco to a “hold” rating in a report on Tuesday, September 29th. TD lifted their price target on shares of Great-West Lifeco from C$98.00 to C$106.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. National Bank Financial cut their price target on Great-West Lifeco from C$95.00 to C$94.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. Scotiabank increased their price target on Great-West Lifeco from C$95.00 to C$100.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price objective on Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th.

Great-West Lifeco Stock Performance

Shares of GWO stock opened at C$89.89 on Wednesday. Great-West Lifeco has a one year low of C$58.50 and a one year high of C$95.96. The stock has a market cap of C$80.47 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.26 and a beta of 0.62. The company has a fifty day moving average price of C$90.79 and a two-hundred day moving average price of C$85.75. The company has a debt-to-equity ratio of 28.63, a current ratio of 6.07 and a quick ratio of 22.18.

Great-West Lifeco (TSE:GWO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported C$1.42 EPS for the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%. The business had revenue of C$8.35 billion during the quarter. As a group, equities analysts predict that Great-West Lifeco will post 4.45 EPS for the current year.

Great-West Lifeco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.67 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.68 annualized dividend and a dividend yield of 3.0%. Great-West Lifeco’s payout ratio is presently 52.89%.

Great-West Lifeco Company Profile

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.