Thursday, 18 April 2013

Citigroup upgraded Rating shares of China Life Insurance

Best Insurance stock - Citigroup upgraded Rating shares of China Life Insurance : Citigroup upgraded shares of China Life Insurance (NYSE: LFC) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, TheFlyOnTheWall.com reports.

Shares of China Life Insurance (NYSE: LFC) traded down 2.23% during mid-day trading on Tuesday, hitting $39.81. China Life Insurance has a one year low of $33.00 and a one year high of $52.72. The stock’s 50-day moving average is currently $42.12. The company has a market cap of $73.618 billion and a P/E ratio of 43.78.

A number of other analysts have also recently weighed in on LFC. Analysts at Credit Suisse upgraded shares of China Life Insurance from an underperform rating to a neutral rating in a research note to investors on Wednesday, March 27th. Separately, analysts at Zacks downgraded shares of China Life Insurance from a neutral rating to an underperform rating in a research note to investors on Thursday, January 17th. They now have a $46.00 price target on the stock.

One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. China Life Insurance has a consensus rating of Hold and a consensus price target of $46.00.

China Life Insurance Company Limited is an insurance company. The Company provides a range of insurance products, including individual life insurance, group life insurance, accident insurance and health insurance products.

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