Great-West Lifeco (OTCMKTS:GWLIF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Great-West Lifeco Inc. (OTCMKTS:GWLIF) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $46.42 and traded as high as $48.48. Great-West Lifeco shares last traded at $48.22, with a volume of 300,350 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GWLIF. Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a research report on Thursday, February 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Great-West Lifeco in a research report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a research report on Friday, February 13th. BMO Capital Markets reissued a “market perform” rating on shares of Great-West Lifeco in a research report on Friday, February 13th. Finally, Jefferies Financial Group raised Great-West Lifeco to a “buy” rating in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Great-West Lifeco presently has a consensus rating of “Moderate Buy”.

Great-West Lifeco Stock Performance

The firm has a 50-day simple moving average of $46.42 and a two-hundred day simple moving average of $45.46.

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.