On October 30, an analyst has provided a rating update for Great-West Lifeco (TSX: GWO). On October 30, analyst Scott Chan CFA gave a Buy rating to GWO and set a C$35 price target.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -2.1% and a 35.1% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Great-West Lifeco with a C$34.33 average price target.
Based on Great-West Lifeco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$10.96 billion and net profit of C$864 million. In comparison, last year the company earned revenue of C$11.19 billion and had a net profit of C$616 million.
Great-West Lifeco, Inc. is an international financial services holding company, which engages in the provision of life and health insurance; retirement and investment services; asset management; and reinsurance services. It operates through the following segments: Canada, United States, Europe, and Lifeco Corporate.
The company’s shares closed on Wednesday at C$30.21, close to its 52-week low of C$29.47.
