China Life Insurance (LFC) Upgraded to Hold by HSBC
HSBC upgraded shares of China Life Insurance (NYSE:LFC) from a reduce rating to a hold rating in a report published on Thursday morning, The Fly reports.
Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut China Life Insurance from an overweight rating to a neutral rating in a research report on Friday, August 3rd. Morgan Stanley upgraded China Life Insurance from an underweight rating to an equal weight rating in a research report on Wednesday, July 25th. ValuEngine cut China Life Insurance from a hold rating to a sell rating in a research report on Saturday, June 2nd. Goldman Sachs Group cut China Life Insurance from a neutral rating to a sell rating in a research report on Thursday, May 10th. Finally, Macquarie upgraded China Life Insurance from a neutral rating to an outperform rating and increased their price objective for the stock from $13.49 to $13.85 in a research report on Tuesday, April 24th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $14.93.
China Life Insurance opened at $12.11 on Thursday, MarketBeat reports. The firm has a market capitalization of $68.46 billion, a price-to-earnings ratio of 13.02 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.45 and a quick ratio of 8.45. China Life Insurance has a 1 year low of $11.95 and a 1 year high of $17.85.
About China Life Insurance
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.
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