Great-West Lifeco Inc. (OTCMKTS:GWLIF) Receives Average Rating of “Moderate Buy” from Brokerages

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms have recently commented on GWLIF. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, July 15th. BMO Capital Markets reissued a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th.

Great-West Lifeco Stock Down 1.7%

GWLIF stock opened at $65.11 on Friday. The stock’s 50 day simple moving average is $60.61 and its 200 day simple moving average is $52.53. Great-West Lifeco has a fifty-two week low of $36.88 and a fifty-two week high of $66.81.

About Great-West Lifeco

Great-West Lifeco Inc, trading on the OTCMKTS under the symbol GWLIF, is a Canadian-based financial services holding company. Headquartered in Winnipeg, Manitoba, it operates as a subsidiary of Power Financial Corporation and offers a broad range of insurance, retirement, and investment solutions. The company traces its heritage to the founding of Great-West Life Assurance Company in 1891 and was organized as a distinct holding entity in 2003 to oversee its growing global operations.

The firm’s primary lines of business include life, health and group insurance, as well as retirement savings products and employee benefit plans.