JPMorgan Chase & Co. lowered shares of Ping An Insurance (Group) Company of China (OTCMKTS:PNGAY) from an overweight rating to a neutral rating in a report released on Tuesday morning, The Fly reports.
Several other research firms have also commented on PNGAY. Sanford C. Bernstein started coverage on Ping An Insurance (Group) Company of China in a report on Wednesday, November 17th. They set an outperform rating on the stock. Zacks Investment Research lowered Ping An Insurance (Group) Company of China from a hold rating to a sell rating in a report on Tuesday, October 26th.
Shares of OTCMKTS:PNGAY opened at $15.98 on Tuesday. The stock has a market cap of $146.01 billion, a price-to-earnings ratio of 7.10 and a beta of 0.85. Ping An Insurance has a 52-week low of $13.08 and a 52-week high of $26.67. The business has a 50-day moving average price of $14.67 and a 200-day moving average price of $15.67.
Ping An Insurance (Group) Company of China, Ltd. provides financial products and services for insurance, banking, asset management, and fintech and healthtech businesses in the People's Republic of China. The company's Life and Health Insurance segment offers term, whole-life, endowment, annuity, investment-linked, universal life, and health care and medical insurance to individual and corporate customers.
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