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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

GWLIF has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, February 5th. Jefferies Financial Group upgraded shares of Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. BMO Capital Markets reissued a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, February 13th. National Bank Financial restated a “sector perform” rating on shares of Great-West Lifeco in a report on Thursday, November 6th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th.

Great-West Lifeco Price Performance

Shares of GWLIF stock opened at $46.65 on Wednesday. The company’s 50 day moving average is $47.50 and its 200 day moving average is $43.70. Great-West Lifeco has a 52-week low of $32.87 and a 52-week high of $51.11.

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.