Great-West Lifeco Inc. (OTCMKTS:GWLIF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

GWLIF has been the topic of a number of research reports. 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. Scotiabank restated an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, April 29th. Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th.

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at $57.85 on Friday. The stock’s 50-day moving average is $52.81 and its 200-day moving average is $49.00. Great-West Lifeco has a one year low of $36.34 and a one year high of $58.53.

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.