Great-West Lifeco (OTCMKTS:GWLIF) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Great-West Lifeco Inc. (OTCMKTS:GWLIF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $51.50 and traded as high as $57.53. Great-West Lifeco shares last traded at $57.53, with a volume of 13,032 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. BMO Capital Markets reissued a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Great-West Lifeco Stock Up 1.5%

The stock has a 50-day simple moving average of $51.93 and a 200 day simple moving average of $48.59.

Great-West Lifeco Company Profile

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.