Great-West Lifeco (OTCMKTS:GWLIF) Stock Passes Above Fifty Day Moving Average – Here’s Why

Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $46.56 and traded as high as $46.6150. Great-West Lifeco shares last traded at $46.14, with a volume of 6,912 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a report on Friday, February 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, January 8th. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, February 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th. Finally, Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Great-West Lifeco Price Performance

The company’s 50-day moving average is $46.56 and its 200 day moving average is $44.84.

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.