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China Life Insurance stock rating prices target past times zacks

China Life Insurance stock rating 2013
China Life Insurance stock rating prices target yesteryear zacks, mainland People's Republic of China Life Insurance stock rating 2013 : mainland People's Republic of China Life Insurance (NYSE: LFC) was downgraded yesteryear Zacks from a “neutral” rating to an “underperform” rating inwards a inquiry annotation issued to investors on Thursday. They currently bring a $46.00 price target on the stock.

Zacks‘ analyst wrote, “We are downgrading our recommendation on mainland People's Republic of China Life to Underperform based on the constant refuse inwards operating cash flow, which is affecting the financials. The gradual refuse inwards premiums in addition to increasing contest on the domestic front end are the other downsides. The companionship too faces substantial involvement charge per unit of measurement in addition to currency risks, which restrain the upside. China Life also reported a cyberspace loss inwards the tertiary quarter, due to a surge inwards operating expenses, which kickoff the operating income increases. However, full assets in addition to shareholders’ equity improved, although cash fund deteriorated. Meanwhile, the subordinated debt consequence has improved the solvency ratio. The companionship has a rigid construct name, an extensive domestic distribution channel, rigid investments in addition to stable ratings.”

Separately, analysts at Credit Suisse downgraded shares of mainland People's Republic of China Life Insurance from a “neutral” rating to an “underperform” rating inwards a inquiry annotation to investors on Wednesday.

Nine equities inquiry analysts bring rated the stock amongst a purchase rating, 4 bring given an overweight rating, 14 bring given a concur rating, in addition to i has given a sell rating to the company’s stock. The stock currently has a consensus rating of “overweight” in addition to an average cost target of $48.66.

Shares of mainland People's Republic of China Life Insurance traded upward 0.24% during mid-day trading on Thursday, hitting $51.17. mainland People's Republic of China Life Insurance has a i twelvemonth depression of $33.00 in addition to a i twelvemonth high of $52.72. The stock’s 50-day moving average is currently $47.73. The companionship has a marketplace cap of $94.110 billion in addition to a P/E ratio of 66.73.

China Life Insurance Company Limited is an insurance company. The Company provides a make of insurance products, including individual life insurance, grouping life insurance, accident insurance in addition to wellness insurance products. Source www.zacks.com

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