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

Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $49.00 and traded as high as $56.07. Great-West Lifeco shares last traded at $55.5820, with a volume of 1,198 shares traded.

Analyst Ratings Changes

GWLIF has been the subject of a number of recent research reports. Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a research report on Thursday, February 12th. BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a research report on Friday. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a research report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Great-West Lifeco in a research note on Friday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Great-West Lifeco Stock Up 1.7%

The business has a 50 day moving average price of $49.00 and a two-hundred day moving average price of $47.19.

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.