Great-West Lifeco (OTCMKTS:GWLIF) Shares Cross Above 50 Day Moving Average – What’s Next?

Great-West Lifeco Inc. (OTCMKTS:GWLIFGet Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $64.28 and traded as high as $66.53. Great-West Lifeco shares last traded at $65.08, with a volume of 81,711 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Great-West Lifeco in a research report on Thursday, July 30th. TD Securities reaffirmed a “buy” rating on shares of Great-West Lifeco in a research note on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a report on Thursday, July 30th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Great-West Lifeco in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on Great-West Lifeco

Great-West Lifeco Trading Up 1.1%

The firm’s 50 day simple moving average is $64.47 and its 200-day simple moving average is $55.43.

Great-West Lifeco Company Profile

(Get Free Report)

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.

Further Reading

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