Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIF – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $51.50 and traded as high as $57.53. Great-West Lifeco shares last traded at $57.53, with a volume of 13,032 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GWLIF. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th. BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Finally, TD Securities restated a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Report on GWLIF
Great-West Lifeco Trading Down 0.4%
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.
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