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

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

GWLIF has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research report on Monday, November 10th. National Bankshares reaffirmed a “sector perform” rating on shares of Great-West Lifeco in a research report on Thursday, November 6th. Finally, UBS Group assumed coverage on Great-West Lifeco in a research note on Thursday, October 16th. They issued a “buy” rating for the company.

Great-West Lifeco Trading Up 8.8%

Shares of OTCMKTS:GWLIF opened at $49.48 on Tuesday. Great-West Lifeco has a 12 month low of $30.70 and a 12 month high of $51.11. The company’s fifty day moving average price is $45.29 and its 200 day moving average price is $41.16.

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.