In a new note to investors today, an analyst has provided a rating update for the Financial sector company, Great-West Lifeco (TSX: GWO). Analyst Mario Mendonca from TD Securities rated Great-West Lifeco (TSX: GWO) a Hold, setting a C$37 price target.
Mendonca has an average return of 0.4% when recommending Great-West Lifeco.
According to TipRanks.com, Mendonca is ranked #1233 out of 4839 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Great-West Lifeco with a C$36.80 average price target, representing a 13.4% upside. In a report issued on July 31, Scotiabank also reiterated a Hold rating on the stock with a C$37 price target.
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Great-West Lifeco’s market cap is currently C$32.19B and has a P/E ratio of 14.1. The company has a Price to Book ratio of 1.55.
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 Thursday at C$32.44, close to its 52-week low of C$31.93.
