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

Key Points

• Analysts maintain a Moderate Buy consensus on Great-West Lifeco, with six buy ratings and five holds. The average 12-month price target is C$93.18, with several firms recently raising their targets.
• Great-West Lifeco reported quarterly earnings of C$1.42 per share on C$8.35 billion in revenue, alongside a 15.48% return on equity and 12.49% net margin.
• The company pays a quarterly dividend of C$0.67 per share, or C$2.68 annualized, representing a 3.0% yield and a 52.89% payout ratio.

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$93.18.

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on Great-West Lifeco from C$84.00 to C$107.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. TD upped their price target on 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. BMO Capital Markets raised their price target on shares of Great-West Lifeco from C$90.00 to C$92.00 and gave the stock a "market perform" rating in a research note on Thursday, July 30th. Desjardins raised their price target on shares of Great-West Lifeco from C$93.00 to C$95.00 in a research note on Thursday, July 30th. Finally, Scotiabank lifted their price objective on shares of Great-West Lifeco from C$95.00 to C$100.00 and gave the company a "sector outperform" rating in a report on Thursday, July 30th.

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at C$90.35 on Wednesday. The firm has a market cap of C$80.88 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.62. The stock's 50-day moving average is C$90.82 and its 200-day moving average is C$85.22. Great-West Lifeco has a one year low of C$57.56 and a one year high of C$95.96. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. The company 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%. Equities analysts predict that Great-West Lifeco will post 4.45 earnings per share for the current fiscal year.

Great-West Lifeco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.68 annualized dividend and a yield of 3.0%. Great-West Lifeco's dividend 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.

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.