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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages have recently commented on GWLIF. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, July 15th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, July 30th. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a research report on Wednesday, July 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, May 8th.

Great-West Lifeco Trading Down 0.4%

Shares of Great-West Lifeco stock opened at $65.69 on Wednesday. Great-West Lifeco has a 1 year low of $38.23 and a 1 year high of $66.81. The company has a 50 day simple moving average of $63.34 and a two-hundred day simple moving average of $54.45.

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.