Great-West Lifeco (TSE:GWO) Stock Lifted to “Hold” by Evercore

Great-West Lifeco (TSE:GWO) was upgraded by equities research analysts at Evercore to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Other equities research analysts have also issued research reports about the stock. TD increased 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. National Bank Financial upped their price target on shares of Great-West Lifeco from C$93.00 to C$95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. BMO Capital Markets increased their price target on Great-West Lifeco from C$90.00 to C$92.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Scotiabank raised their price objective on Great-West Lifeco from C$95.00 to C$100.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 30th. Finally, Barclays boosted their price objective on Great-West Lifeco from C$86.00 to C$87.00 in a research note on Wednesday, July 29th. One investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$93.27.

Great-West Lifeco Stock Performance

TSE GWO opened at C$89.87 on Tuesday. 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 firm has a market capitalization of C$80.45 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.26 and a beta of 0.61. The business’s 50-day simple moving average is C$91.52 and its 200-day simple moving average is C$82.71.

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

About Great-West Lifeco

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.