Great-West Lifeco (TSE:GWO) Price Target Raised to C$55.00 at CIBC

Great-West Lifeco (TSE:GWO) had its price objective upped by CIBC from C$51.00 to C$55.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other analysts have also weighed in on the company. Scotiabank upped their target price on Great-West Lifeco from C$44.00 to C$50.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Great-West Lifeco from C$42.00 to C$48.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Securities lifted their price target on Great-West Lifeco from C$43.00 to C$44.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on Great-West Lifeco from C$47.00 to C$51.00 in a research note on Friday. Finally, Barclays lifted their price objective on Great-West Lifeco from C$43.00 to C$45.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Great-West Lifeco currently has a consensus rating of “Hold” and a consensus price target of C$47.63.

Great-West Lifeco Trading Down 0.6 %

Shares of GWO stock opened at C$48.79 on Friday. The business’s fifty day moving average price is C$46.20 and its 200 day moving average price is C$42.95. Great-West Lifeco has a 1-year low of C$38.44 and a 1-year high of C$49.64. The firm has a market capitalization of C$45.48 billion, a PE ratio of 12.33, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 29.61, a current ratio of 37.46 and a quick ratio of 22.18.

Great-West Lifeco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Tuesday, December 3rd. Great-West Lifeco’s dividend payout ratio is 55.78%.

Insider Activity

In other news, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total transaction of C$1,135,888.00. In other Great-West Lifeco news, Director Richard Henry Linton sold 35,800 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$46.27, for a total value of C$1,656,344.28. Also, Director Charles Donald Harvey Henaire sold 25,400 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$44.72, for a total value of C$1,135,888.00. 70.70% of the stock is currently owned by company insiders.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.