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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $42.77 and traded as high as $45.1340. Great-West Lifeco shares last traded at $45.1340, with a volume of 30,601 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on GWLIF. UBS Group began coverage on Great-West Lifeco in a research report on Thursday, October 16th. They set a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, August 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, November 10th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Great-West Lifeco in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Great-West Lifeco has an average rating of “Moderate Buy”.

Great-West Lifeco Price Performance

The firm has a 50-day moving average price of $42.77 and a 200 day moving average price of $39.80.

Great-West Lifeco Company Profile

Great-West Lifeco Inc engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe. The company offers life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance products; and retirement and wealth savings, income and annuity products, and other specialty products to individuals, families, businesses, and organizations.