Great-West Lifeco (TSE:GWO) Cut to Underweight at Barclays

Barclays downgraded shares of Great-West Lifeco (TSE:GWO) from an equal weight rating to an underweight rating in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has C$32.00 target price on the stock, down from their previous target price of C$33.00.

GWO has been the topic of several other research reports. National Bank Financial upped their target price on shares of Great-West Lifeco from C$31.00 to C$33.00 and gave the stock a sector perform rating in a research note on Monday, April 29th. CIBC upgraded shares of Great-West Lifeco from a neutral rating to an outperform rating and upped their target price for the stock from C$33.00 to C$37.50 in a research note on Thursday, March 14th. Royal Bank of Canada upped their target price on shares of Great-West Lifeco from C$36.00 to C$37.00 and gave the stock a sector perform rating in a research note on Tuesday, March 12th. Canaccord Genuity downgraded shares of Great-West Lifeco from a buy rating to a hold rating and upped their target price for the stock from C$34.00 to C$35.00 in a research note on Monday, April 29th. Finally, Desjardins upped their target price on shares of Great-West Lifeco from C$33.00 to C$34.00 in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Great-West Lifeco currently has an average rating of Hold and an average target price of C$33.89.

Shares of TSE GWO opened at C$30.00 on Wednesday. The company has a market capitalization of $27.87 billion and a PE ratio of 10.27. Great-West Lifeco has a 52-week low of C$26.83 and a 52-week high of C$34.42. The company has a debt-to-equity ratio of 25.30, a quick ratio of 10.81 and a current ratio of 11.51.

Great-West Lifeco (TSE:GWO) last issued its earnings results on Thursday, May 2nd. The company reported C$0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.75 by C($0.08). The firm had revenue of C$16.89 billion for the quarter. On average, research analysts anticipate that Great-West Lifeco will post 3.3411089 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be given a dividend of $0.413 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.65 dividend on an annualized basis and a yield of 5.51%. Great-West Lifeco’s dividend payout ratio (DPR) is 54.11%.

About Great-West Lifeco

Great-West Lifeco Inc, a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. The company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations; life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, health, and creditor insurance products; and wealth savings and income, accumulation, and annuity products.

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Analyst Recommendations for Great-West Lifeco (TSE:GWO)

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