Goldman Sachs analyst maintained a Buy rating on China Pacific Insurance (Group) Co on August 27 and set a price target of HK$37.00. The company’s shares closed last Tuesday at HK$29.86.
Currently, the analyst consensus on China Pacific Insurance (Group) Co is a Strong Buy with an average price target of HK$41.31.
Based on China Pacific Insurance (Group) Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$110.22 billion and a net profit of HK$20.65 billion. In comparison, last year the company earned a revenue of HK$83.91 billion and had a net profit of HK$18.26 billion
