Great-West Lifeco Inc. (OTCMKTS:GWLIF) Given Average Rating of “Moderate Buy” by Analysts

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

A number of research firms have issued reports on GWLIF. BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, January 8th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, February 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th. Finally, Jefferies Financial Group raised shares of Great-West Lifeco to a “buy” rating in a research report on Thursday, February 12th.

Great-West Lifeco Price Performance

Shares of OTCMKTS GWLIF opened at $46.87 on Friday. The business has a 50 day simple moving average of $46.74 and a 200 day simple moving average of $44.65. 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.