Great-West Lifeco (OTCMKTS:GWLIF) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $46.89 and traded as high as $48.10. Great-West Lifeco shares last traded at $47.94, with a volume of 535 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GWLIF shares. CIBC reaffirmed an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, January 8th. National Bankshares restated a “sector perform” rating on shares of Great-West Lifeco in a research report on Thursday, November 6th. UBS Group initiated coverage on shares of Great-West Lifeco in a research report on Thursday, October 16th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Great-West Lifeco in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Great-West Lifeco Stock Up 0.5%

The firm’s fifty day moving average is $46.89 and its 200 day moving average is $42.11.

Great-West Lifeco Company Profile

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.