Great-West Lifeco (OTCMKTS:GWLIF) Stock Passes Above 50-Day Moving Average – Should You Sell?

Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $65.41 and traded as high as $67.20. Great-West Lifeco shares last traded at $66.74, with a volume of 13,962 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GWLIF. TD Securities restated a “buy” rating on shares of Great-West Lifeco in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Great-West Lifeco in a report on Thursday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Great-West Lifeco in a research report on Thursday, July 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Great-West Lifeco in a report on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Great-West Lifeco presently has a consensus rating of “Moderate Buy”.

Great-West Lifeco Price Performance

The company has a 50-day moving average of $65.44 and a 200 day moving average of $57.85.

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.