Great-West Lifeco (OTCMKTS:GWLIF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIF) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $46.84 and traded as high as $51.40. Great-West Lifeco shares last traded at $50.92, with a volume of 1,747 shares trading hands.

Wall Street Analysts Forecast Growth

GWLIF has been the topic of a number of recent research reports. BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, January 8th. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, February 5th. Finally, Jefferies Financial Group raised shares of Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Great-West Lifeco Stock Performance

The stock’s fifty day moving average is $46.97 and its two-hundred day moving average is $45.94.

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.