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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

A number of brokerages have recently commented on GWLIF. BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated 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 $62.43 on Tuesday. Great-West Lifeco has a 12 month low of $36.76 and a 12 month high of $63.60. The company’s fifty day moving average price is $57.25 and its 200-day moving average price is $50.87.

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.