Great-West Lifeco (TSE:GWO) Sets New 1-Year High – Should You Buy?

by · The Markets Daily

Great-West Lifeco Inc. (TSE:GWO – Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as C$65.80 and last traded at C$65.78, with a volume of 53522 shares traded. The stock had previously closed at C$65.26.

Analyst Ratings Changes

A number of research analysts recently weighed in on GWO shares. TD Securities raised their price target on shares of Great-West Lifeco from C$66.00 to C$70.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Barclays raised their target price on Great-West Lifeco from C$58.00 to C$59.00 in a research report on Thursday, November 6th. UBS Group upgraded Great-West Lifeco to a “strong-buy” rating in a research report on Thursday, October 16th. National Bankshares raised their price objective on Great-West Lifeco from C$58.00 to C$59.00 in a report on Thursday, November 6th. Finally, CIBC upped their target price on shares of Great-West Lifeco from C$65.00 to C$67.00 in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$62.11.

Get Our Latest Stock Report on GWO

Great-West Lifeco Trading Up 1.3%

The firm has a fifty day moving average price of C$60.84 and a 200 day moving average price of C$55.61. The firm has a market cap of C$60.85 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.26 and a beta of 0.69.

Great-West Lifeco (TSE:GWO – Get Free Report) last issued 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 company had revenue of C$8.21 billion for the quarter. As a group, equities analysts predict that Great-West Lifeco Inc. will post 4.4525194 earnings per share for the current year.

Great-West Lifeco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Great-West Lifeco’s dividend payout ratio (DPR) is 55.34%.

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.

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