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China Life Insurance (LFC) stock forecast for 2024
Updated: November 6, 2023 (17:26)
Sector: FinancialThe share price of China Life Insurance Company Lim. (LFC) now
50/200 Day Moving Average: $ / $
This figure corresponds to the Average Price over the previous 50/200 days. For China Life Insurance stocks, the 50-day moving average is the support level today.
For China Life Insurance stocks, the 200-day moving average is the support level today.
Are you interested in China Life Insurance Company Lim. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the China Life Insurance stock price in 2024. How much will one China Life Insurance share be worth in 2024? Is it worth taking profit / loss on LFC stock now or waiting? What are analysts' forecasts for China Life Insurance stock?
We forecast China Life Insurance stock performance using neural networks based on historical data on LFC stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
China Life Insurance Company Lim. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for China Life Insurance analysts is $. Today 200 Day Moving Average is the support level ( $). 50 Day Moving Average is the support level ( $).
Historical and forecast chart of China Life Insurance Company Lim. stock
The chart below shows the historical price of China Life Insurance stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the LFC stock price can be found in the table below.
China Life Insurance is a large state financial insurance company in China, about 70% of China Life is owned by the state. It has significant shares of life and health insurance in China. The main products offered by the company are individual life insurance, group life insurance, accident insurance and health insurance policies. It occupies a significant share of life and health insurance in China.
In 2016, the company’s consolidated operating income reached RMB 696.3 billion. In 2017, the company was ranked 51st in The Fortune Global 500, China Life has been on this list for 15 consecutive years.
The predecessor of China Life Insurance (Group), PICC was founded in 1949. And PICC (Life) Co., Ltd was established in 1996 after its separation from the former PICC.
China Life Insurance (LFC) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 7.51 | 7.32 | 7.64 | 4.28 % |
| Feb | 7.42 | 7.18 | 7.58 | 5.28 % |
| Mar | 7.38 | 7.16 | 7.54 | 4.97 % |
| Apr | 7.17 | 6.95 | 7.32 | 5.02 % |
| May | 7.15 | 6.94 | 7.35 | 5.60 % |
| Jun | 7.03 | 6.85 | 7.17 | 4.55 % |
| Jul | 7.14 | 6.98 | 7.35 | 5.09 % |
| Aug | 7.09 | 6.97 | 7.31 | 4.62 % |
| Sep | 7.22 | 7.12 | 7.41 | 3.90 % |
| Oct | 7.24 | 7.07 | 7.45 | 5.13 % |
| Nov | 7.07 | 6.90 | 7.17 | 3.71 % |
| Dec | 6.98 | 6.80 | 7.17 | 5.11 % |
China Life Insurance information and performance
N/A
Market capitalization of the China Life Insurance Company Lim. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of LFC shares in the company outstanding by the market price of one share.
EBITDA of China Life Insurance is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
China Life Insurance price target for 2024 by month
Target values for the price of one China Life Insurance share for Jan 2024.
In Jan, the Positive dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 4.285% volatility is expected.
Pessimistic target level: 7.32
Optimistic target level: 7.64
Target values for the price of one China Life Insurance share for Feb 2024.
In Feb, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.282% volatility is expected.
Pessimistic target level: 7.18
Optimistic target level: 7.58
Target values for the price of one China Life Insurance share for Mar 2024.
In Mar, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 4.971% volatility is expected.
Pessimistic target level: 7.16
Optimistic target level: 7.54
Target values for the price of one China Life Insurance share for Apr 2024.
In Apr, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.016% volatility is expected.
Pessimistic target level: 6.95
Optimistic target level: 7.32
Target values for the price of one China Life Insurance share for May 2024.
In May, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.603% volatility is expected.
Pessimistic target level: 6.94
Optimistic target level: 7.35
Target values for the price of one China Life Insurance share for Jun 2024.
In Jun, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 4.547% volatility is expected.
Pessimistic target level: 6.85
Optimistic target level: 7.17
Target values for the price of one China Life Insurance share for Jul 2024.
In Jul, the Positive dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.087% volatility is expected.
Pessimistic target level: 6.98
Optimistic target level: 7.35
Target values for the price of one China Life Insurance share for Aug 2024.
In Aug, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 4.616% volatility is expected.
Pessimistic target level: 6.97
Optimistic target level: 7.31
Target values for the price of one China Life Insurance share for Sep 2024.
In Sep, the Positive dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 3.897% volatility is expected.
Pessimistic target level: 7.12
Optimistic target level: 7.41
Target values for the price of one China Life Insurance share for Oct 2024.
In Oct, the Positive dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.130% volatility is expected.
Pessimistic target level: 7.07
Optimistic target level: 7.45
Target values for the price of one China Life Insurance share for Nov 2024.
In Nov, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 3.707% volatility is expected.
Pessimistic target level: 6.90
Optimistic target level: 7.17
Target values for the price of one China Life Insurance share for Dec 2024.
In Dec, the Negative dynamics for China Life Insurance Company Lim. shares will prevail with possible monthly volatility of 5.105% volatility is expected.
Pessimistic target level: 6.80
Optimistic target level: 7.17
