There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Ping An Insurance Company of China (PIAIF – Research Report) and Truist Financial (TFC – Research Report) with bullish sentiments.
Ping An Insurance Company of China (PIAIF)
In a report released yesterday, Sam Wong from Jefferies maintained a Buy rating on Ping An Insurance Company of China, with a price target of HK$45.00. The company’s shares closed last Thursday at $4.01, close to its 52-week low of $3.79.
According to TipRanks.com, Wong is a 1-star analyst with an average return of
Currently, the analyst consensus on Ping An Insurance Company of China is a Strong Buy with an average price target of $6.21, a 54.9% upside from current levels. In a report issued on April 10, Goldman Sachs also maintained a Buy rating on the stock with a HK$55.00 price target.
See today’s best-performing stocks on TipRanks >>
Truist Financial (TFC)
Stephens analyst Terry McEvoy maintained a Buy rating on Truist Financial yesterday and set a price target of $43.00. The company’s shares closed last Tuesday at $38.84, close to its 52-week high of $39.29.
According to TipRanks.com, McEvoy is a 4-star analyst with an average return of
Truist Financial has an analyst consensus of Moderate Buy, with a price target consensus of $42.28, which is an 11.3% upside from current levels. In a report released yesterday, Compass Point also upgraded the stock to Buy with a $42.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on PIAIF:
