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

Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIF) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company.

Several brokerages have recently issued reports on GWLIF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. Finally, TD Securities reiterated a “buy” rating on shares of Great-West Lifeco in a research note on Thursday, May 7th.

Great-West Lifeco Trading Down 0.2%

Shares of GWLIF opened at $57.42 on Friday. The stock has a 50-day simple moving average of $51.71 and a 200-day simple moving average of $48.53. Great-West Lifeco has a 1 year low of $36.34 and a 1 year high of $57.81.

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.