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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research analysts recently issued reports on GWLIF shares. BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Great-West Lifeco in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th.

Great-West Lifeco Stock Performance

Shares of GWLIF stock opened at $65.41 on Friday. Great-West Lifeco has a 12 month low of $36.88 and a 12 month high of $66.81. The company’s fifty day moving average price is $61.36 and its 200-day moving average price is $52.95.

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.