JPMorgan Chase & Co. downgraded 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.
A number of other brokerages have also recently weighed in on PNGAY. Zacks Investment Research cut Ping An Insurance (Group) Company of China from a hold rating to a sell rating in a research note on Tuesday, October 26th. Sanford C. Bernstein began coverage on Ping An Insurance (Group) Company of China in a research note on Wednesday, November 17th. They set an outperform rating for the company.
Shares of OTCMKTS PNGAY opened at $15.98 on Tuesday. Ping An Insurance has a twelve month low of $13.08 and a twelve month high of $26.67. The stock has a fifty day simple moving average of $14.67 and a 200-day simple moving average of $15.67. The stock has a market capitalization of $146.01 billion, a PE ratio of 7.10 and a beta of 0.85.
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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