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

Shares of Great-West Lifeco Inc. (OTCMKTS:GWLIF) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

A number of equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Great-West Lifeco in a report on Thursday, October 16th. They set a “buy” rating on the stock. National Bankshares reiterated a “sector perform” rating on shares of Great-West Lifeco in a report on Thursday, November 6th. Royal Bank Of Canada restated a “sector perform” rating on shares of Great-West Lifeco in a report on Monday, November 10th. Finally, CIBC reaffirmed an “outperform” rating on shares of Great-West Lifeco in a research report on Thursday, January 8th.

Great-West Lifeco Stock Down 0.6%

Shares of GWLIF opened at $46.99 on Friday. Great-West Lifeco has a twelve month low of $30.70 and a twelve month high of $51.11. The firm’s 50 day moving average price is $47.50 and its two-hundred day moving average price is $42.71.

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.