JPMorgan Chase & Co. Initiates Coverage on Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY)

JPMorgan Chase & Co. began coverage on shares of Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) in a research report report published on Wednesday morning, The Fly reports. The firm issued an overweight rating on the stock.

OTCMKTS HKXCY opened at $30.50 on Wednesday. Ping An Insurance has a one year low of $25.00 and a one year high of $36.81.

About Ping An Insurance (Group) Company of China

Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures exchanges, and related clearing houses in Hong Kong. It operates in five segments: Cash, Equity and Financial Derivatives, Commodities, Clearing, and Platform and Infrastructure. The Cash segment covers various equity products traded on the cash market platforms, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange; sale of market data relating to the products; and other related activities.

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The Fly

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