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

Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIFGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $53.04 and traded as high as $58.58. Great-West Lifeco shares last traded at $58.58, with a volume of 343 shares.

Analysts Set New Price Targets

Several 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. Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on Great-West Lifeco

Great-West Lifeco Trading Up 1.3%

The firm’s 50 day moving average is $53.04 and its two-hundred day moving average is $49.07.

Great-West Lifeco Company Profile

(Get Free Report)

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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