National Bank Financial Weighs in on Great-West Lifeco Inc’s Q2 2018 Earnings (GWO)

Great-West Lifeco Inc (TSE:GWO) – Equities researchers at National Bank Financial issued their Q2 2018 earnings estimates for Great-West Lifeco in a report released on Wednesday. National Bank Financial analyst G. Dechaine expects that the company will post earnings per share of $0.73 for the quarter.

A number of other research firms have also recently weighed in on GWO. Scotiabank lowered their target price on shares of Great-West Lifeco from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Friday, May 5th. TD Securities cut shares of Great-West Lifeco from a “buy” rating to a “hold” rating and lowered their target price for the company from C$42.00 to C$37.00 in a research note on Friday, May 5th. BMO Capital Markets restated a “market perform” rating and set a C$39.00 target price on shares of Great-West Lifeco in a research note on Wednesday, April 26th. CIBC lifted their target price on shares of Great-West Lifeco from C$37.00 to C$39.00 in a research note on Wednesday, April 26th. Finally, Barclays PLC lifted their target price on shares of Great-West Lifeco from C$36.00 to C$37.00 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Great-West Lifeco presently has a consensus rating of “Hold” and an average price target of C$36.70.

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Great-West Lifeco (GWO) traded up 0.62% on Monday, hitting $35.98. 81,676 shares of the stock traded hands. Great-West Lifeco has a 52-week low of $30.83 and a 52-week high of $37.79. The company’s 50 day moving average price is $35.06 and its 200-day moving average price is $35.74. The stock has a market cap of $35.62 billion and a price-to-earnings ratio of 13.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.367 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.47 dividend on an annualized basis and a yield of 4.11%.

In other Great-West Lifeco news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of Great-West Lifeco stock in a transaction on Friday, June 30th. The shares were sold at an average price of C$34.11, for a total value of C$1,148,313.15.

About Great-West Lifeco

Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.

Earnings History and Estimates for Great-West Lifeco (TSE:GWO)

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