Analysts Offer Insights on Financial Companies: Ping An Insurance Company of China (OtherPIAIF), Industrial and Commercial Bank of China (OtherIDCBF) and Zurich Insurance Group (OtherZFSVF)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Ping An Insurance Company of China (PIAIF – Research Report), Industrial and Commercial Bank of China (IDCBF – Research Report) and Zurich Insurance Group (ZFSVF – Research Report).

Ping An Insurance Company of China (PIAIF)

Jefferies analyst Sam Wong maintained a Buy rating on Ping An Insurance Company of China yesterday and set a price target of HK$60.00. The company’s shares closed last Friday at $4.19, close to its 52-week low of $4.18.

According to TipRanks.com, Wong ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.9% and a 13.0% success rate. Wong covers the Financial sector, focusing on stocks such as People’s Insurance Co (Group) of China, China Taiping Insurance Holdings Co, and China Pacific Insurance (Group) Co.

Ping An Insurance Company of China has an analyst consensus of Strong Buy, with a price target consensus of $9.10.

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Industrial and Commercial Bank of China (IDCBF)

Jefferies analyst Shujin Chen maintained a Buy rating on Industrial and Commercial Bank of China yesterday and set a price target of HK$4.99. The company’s shares closed last Wednesday at $0.47.

Currently, the analyst consensus on Industrial and Commercial Bank of China is a Moderate Buy with an average price target of $0.61, which is a 29.8% upside from current levels. In a report issued on December 18, J.P. Morgan also maintained a Buy rating on the stock with a HK$4.60 price target.

Zurich Insurance Group (ZFSVF)

In a report released yesterday, Philip Kett from Jefferies maintained a Hold rating on Zurich Insurance Group, with a price target of CHF455.00. The company’s shares closed last Friday at $514.36, close to its 52-week high of $522.23.

Kett has an average return of 9.7% when recommending Zurich Insurance Group.

According to TipRanks.com, Kett is ranked #346 out of 8665 analysts.

Currently, the analyst consensus on Zurich Insurance Group is a Hold with an average price target of $526.69.

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