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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $50.11 and traded as high as $56.85. Great-West Lifeco shares last traded at $56.76, with a volume of 2,557 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. TD Securities reiterated a “buy” rating on shares of Great-West Lifeco in a report on Thursday, May 7th. Jefferies Financial Group upgraded Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Great-West Lifeco currently has a consensus rating of “Moderate Buy”.

Great-West Lifeco Stock Up 0.4%

The business has a fifty day moving average of $50.11 and a 200-day moving average of $47.78.

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.