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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several analysts have commented on GWLIF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research note on Thursday, July 30th. TD Securities reaffirmed a “buy” rating on shares of Great-West Lifeco in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research note on Thursday, July 30th. Finally, Scotiabank reiterated an “outperform” rating on shares of Great-West Lifeco in a research report on Wednesday, July 15th.

Great-West Lifeco Trading Up 0.7%

Shares of OTCMKTS GWLIF opened at $66.94 on Friday. Great-West Lifeco has a 12 month low of $38.23 and a 12 month high of $67.05. The company has a 50-day simple moving average of $64.97 and a 200-day simple moving average of $56.80.

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.