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

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

A number of research firms have commented on GWLIF. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, July 15th. 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 Wednesday, July 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Great-West Lifeco in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a research report on Thursday, July 30th.

Great-West Lifeco Price Performance

Shares of Great-West Lifeco stock opened at $66.54 on Wednesday. Great-West Lifeco has a twelve month low of $38.23 and a twelve month high of $67.05. The company’s fifty day moving average is $64.16 and its 200 day moving average is $55.12.

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.