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

Great-West Lifeco Inc. (TSE:GWO) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$93.18.

Several brokerages recently weighed in on GWO. National Bank Financial reduced their target price on shares of Great-West Lifeco from C$95.00 to C$94.00 and set a “sector perform” rating on the stock in a report on Monday, October 19th. Desjardins raised their price objective on shares of Great-West Lifeco from C$93.00 to C$95.00 in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of Great-West Lifeco from C$77.00 to C$91.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Scotiabank boosted 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 note on Thursday, July 30th. Finally, BMO Capital Markets increased their target price 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.

Great-West Lifeco Trading Up 1.0%

TSE GWO opened at C$91.82 on Wednesday. The company has a debt-to-equity ratio of 28.63, a quick ratio of 22.18 and a current ratio of 6.07. The firm has a market cap of C$82.20 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.26 and a beta of 0.62. The firm has a 50 day simple moving average of C$90.76 and a 200-day simple moving average of C$79.23. Great-West Lifeco has a one year low of C$58.50 and a one year high of C$95.96.

Great-West Lifeco (TSE:GWO) last announced its earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share for the quarter. The firm had revenue of C$8.35 billion for the quarter. Great-West Lifeco had a net margin of 12.49% and a return on equity of 15.48%. Equities research analysts anticipate that Great-West Lifeco will post 4.45 EPS for the current fiscal year.

Great-West Lifeco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Great-West Lifeco’s payout ratio is 52.89%.

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.