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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $65.65 and traded as high as $67.26. Great-West Lifeco shares last traded at $66.08, with a volume of 117,142 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, July 30th. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Thursday, July 30th. Finally, TD Securities restated a “buy” rating on shares of Great-West Lifeco in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Great-West Lifeco Price Performance

The stock has a 50-day moving average price of $65.66 and a two-hundred day moving average price of $58.81.

Great-West Lifeco Company Profile

Great-West Lifeco Inc is a Canadian financial services holding company that provides insurance, retirement, investment and reinsurance products through a group of operating subsidiaries. Its offerings serve individuals, employers and institutions and include life and health insurance, wealth management, retirement plans, annuities and investment management.

The company operates primarily in Canada, the United States and Europe. Its businesses include Canada Life in Canada and the United Kingdom, Empower in the United States, Irish Life in Ireland and Putnam Investments, an asset management firm serving institutional and individual investors.