Analysts who follow China Life Insurance Co Ltd ADR (LFC) on average expect it to rise 40.63% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns China Life Insurance Co Ltd ADR an Analyst Ranking of 29, which means it ranks higher than 29 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With China Life Insurance Co Ltd ADR Stock Today?
China Life Insurance Co Ltd ADR (LFC) stock is trading at $7.68 as of 1:33 PM on Thursday, Apr 7, a decline of -$0.11, or -1.41% from the previous closing price of $7.79. The stock has traded between $7.60 and $7.76 so far today. Volume today is 844,098 compared to average volume of 907,212. Click Here to get the full Stock Report for China Life Insurance Co Ltd ADR stock.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.