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

Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIF) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages recently weighed in on GWLIF. Jefferies Financial Group raised shares of Great-West Lifeco to a “buy” rating in a research note on Thursday, February 12th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a research note on Friday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research note on Friday. Scotiabank reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research note on Wednesday, April 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Great-West Lifeco in a research note on Thursday.

Great-West Lifeco Price Performance

Shares of Great-West Lifeco stock opened at $54.65 on Monday. Great-West Lifeco has a 12-month low of $32.87 and a 12-month high of $55.83. The company’s 50-day moving average price is $48.71 and its 200-day moving average price is $47.00.

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.