Great-West Lifeco (TSE:GWO) Stock Rating Raised to "Hold" at Evercore

Key Points

• Evercore upgraded Great-West Lifeco to “Hold”, while the broader analyst consensus remains “Moderate Buy,” with one Strong Buy, seven Buys, and five Holds.
• Analysts recently raised their price targets to between C$95 and C$107; the average target is C$93.27 compared with the stock’s opening price of C$89.87.
• Great-West Lifeco reported quarterly EPS of C$1.42 on revenue of C$8.35 billion, alongside a 15.48% return on equity and a 12.49% net margin.

Great-West Lifeco (TSE:GWO - Get Free Report) was upgraded by Evercore to a "hold" rating in a research report issued on Tuesday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Desjardins boosted their price objective on Great-West Lifeco from C$93.00 to C$95.00 in a research note on Thursday, July 30th. Scotiabank raised their target price on shares of 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Great-West Lifeco from C$95.00 to C$97.00 in a report on Thursday, July 30th. Jefferies Financial Group increased their price target on shares of Great-West Lifeco from C$84.00 to C$107.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, TD raised their price objective on shares of Great-West Lifeco from C$98.00 to C$106.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Great-West Lifeco currently has an average rating of "Moderate Buy" and an average target price of C$93.27.

Great-West Lifeco Stock Performance

TSE GWO opened at C$89.87 on Tuesday. The company has a fifty day moving average of C$91.52 and a two-hundred day moving average of C$82.71. 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 has a 1 year low of C$55.72 and a 1 year high of C$95.96. The company has a market capitalization of C$80.45 billion, a PE ratio of 18.57, a P/E/G ratio of 2.26 and a beta of 0.61.

Great-West Lifeco (TSE:GWO - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) for the quarter. The firm had revenue of C$8.35 billion during the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%. As a group, analysts expect that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.