Great-West Lifeco (TSE:GWO) Given New C$70.00 Price Target at Barclays

by · The Markets Daily

Great-West Lifeco (TSE:GWO – Free Report) had its target price boosted by Barclays from C$59.00 to C$70.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. TD Securities boosted their price objective on shares of Great-West Lifeco from C$66.00 to C$70.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Royal Bank Of Canada lifted their target price on Great-West Lifeco from C$53.00 to C$60.00 in a report on Monday, November 10th. Desjardins upped their price target on Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. National Bankshares raised their price objective on Great-West Lifeco from C$58.00 to C$59.00 in a research report on Thursday, November 6th. Finally, BMO Capital Markets lifted their price objective on Great-West Lifeco from C$60.00 to C$66.00 in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.00.

Read Our Latest Analysis on Great-West Lifeco

Great-West Lifeco Trading Down 0.2%

TSE:GWO opened at C$67.26 on Friday. The stock’s 50-day moving average is C$64.80 and its 200-day moving average is C$58.04. Great-West Lifeco has a 1-year low of C$44.89 and a 1-year high of C$68.56. The stock has a market cap of C$61.02 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.26 and a beta of 0.72.

Great-West Lifeco (TSE:GWO – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$1.33 EPS for the quarter. Great-West Lifeco had a net margin of 16.06% and a return on equity of 14.81%. The business had revenue of C$8.21 billion for the quarter. As a group, equities analysts forecast that Great-West Lifeco will post 4.4525194 EPS for the current year.

Great-West Lifeco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 3rd. Great-West Lifeco’s payout ratio is currently 55.34%.

Insider Buying and Selling

In related news, Director Edmund Francis Murphy sold 94,532 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of C$64.51, for a total transaction of C$6,098,259.32. Following the completion of the sale, the director owned 4,916 shares of the company’s stock, valued at C$317,131.16. This trade represents a 95.06% decrease in their ownership of the stock. 70.70% of the stock is owned by corporate insiders.

Great-West Lifeco Company Profile

(Get Free Report)

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.

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