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

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

A number of research analysts recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. TD Securities reiterated a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Jefferies Financial Group upgraded shares of Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, May 11th.

Great-West Lifeco Trading Up 0.7%

Shares of OTCMKTS GWLIF opened at $57.08 on Friday. The company has a 50 day simple moving average of $52.14 and a 200 day simple moving average of $48.73. Great-West Lifeco has a 1 year low of $36.34 and a 1 year high of $58.53.

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.