Great-West Lifeco Inc. (OTCMKTS:GWLIF) Receives Average Rating of “Hold” from Brokerages

Great-West Lifeco Inc. (OTCMKTS:GWLIF) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $38.95.

A number of equities analysts have weighed in on the stock. TD Securities upped their price target on shares of Great-West Lifeco from C$40.00 to C$42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Scotiabank lifted their target price on Great-West Lifeco from C$40.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday, August 5th. BMO Capital Markets upped their price target on Great-West Lifeco from C$37.00 to C$39.00 and gave the stock a “market perform” rating in a research note on Thursday, July 22nd. Credit Suisse Group lifted their price objective on shares of Great-West Lifeco from C$37.00 to C$40.00 and gave the company a “neutral” rating in a research report on Thursday, July 22nd. Finally, CIBC lifted their price target on shares of Great-West Lifeco from C$41.00 to C$42.00 and gave the company a “neutral” rating in a report on Thursday, August 5th.

Shares of OTCMKTS:GWLIF traded up $0.12 during mid-day trading on Friday, reaching $31.01. 730 shares of the company traded hands, compared to its average volume of 7,430. The company’s 50 day moving average price is $30.34 and its 200-day moving average price is $29.15. Great-West Lifeco has a 52 week low of $18.42 and a 52 week high of $32.02.

About Great-West Lifeco

Great-West Lifeco, Inc is a financial services holding company, which engages in the provision of life insurance, health insurance, retirement services, investment management and reinsurance services. It operates through the following segments: Canada, United States, Europe, and Lifeco Corporate. The Canada segment provides individual & group life insurance through the Great-West Life, London Life and Canada Life.

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Analyst Recommendations for Great-West Lifeco (OTCMKTS:GWLIF)

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