Great-West Lifeco (OTCMKTS:GWLIF) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $60.42 and traded as high as $66.8150. Great-West Lifeco shares last traded at $66.2375, with a volume of 97,119 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on GWLIF. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th. TD Securities reiterated a “buy” rating on shares of Great-West Lifeco in a research report on Thursday, May 7th. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday. BMO Capital Markets reissued a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Great-West Lifeco Stock Down 0.0%

The business has a fifty day moving average of $60.42 and a 200 day moving average of $52.40.

Great-West Lifeco Company Profile

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.