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

Great-West Lifeco Inc. (OTCMKTS:GWLIF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $53.04 and traded as high as $58.58. Great-West Lifeco shares last traded at $58.58, with a volume of 343 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Securities reissued a “buy” rating on shares of Great-West Lifeco in a research report on Thursday, May 7th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Jefferies Financial Group raised shares of Great-West Lifeco to a “buy” rating in a report on Thursday, February 12th. Scotiabank reaffirmed an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Great-West Lifeco currently has a consensus rating of “Moderate Buy”.

Great-West Lifeco Trading Up 1.3%

The firm’s fifty day moving average price is $53.04 and its two-hundred day moving average price is $49.07.

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.