China Life Insurance (NYSE:LFC) was downgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued on Thursday, The Fly reports.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Goldman Sachs Group cut China Life Insurance from a “buy” rating to a “neutral” rating in a report on Wednesday, December 13th. UBS Group raised China Life Insurance from a “neutral” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Deutsche Bank cut China Life Insurance from a “buy” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.00.
Shares of China Life Insurance (NYSE LFC) traded up $0.07 on Thursday, hitting $16.14. The stock had a trading volume of 837,600 shares, compared to its average volume of 693,900. China Life Insurance has a fifty-two week low of $13.18 and a fifty-two week high of $17.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 11.01 and a current ratio of 11.01. The firm has a market cap of $118,810.00, a PE ratio of 28.32 and a beta of 1.39.
About China Life Insurance
China Life Insurance Company Limited is a life insurance company. The Company provides a range of insurance products, including individual and group life insurance, health insurance and accident insurance products. It operates through three segments: Life Insurance, Health Insurance, and Accident Insurance.