Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) Rating Lowered to Sell at Goldman Sachs Group

Ping An Insurance (Group) Company of China (OTCMKTS:HKXCY) was downgraded by equities researchers at Goldman Sachs Group from a ࢀœneutralࢀ rating to a ࢀœsellࢀ rating in a note issued to investors on Monday, The Fly reports. Separately, Jefferies Financial Group assumed coverage on shares of Ping An Insurance (Group) Company of China in a research note on Wednesday, August 5th. They set a ࢀœholdࢀ rating on the stock. HKXCY stock opened at $48.34 on Monday. The firm has a 50 day simple moving average of $47.15 and a 200-day simple moving average of $37.07. Ping An Insurance has a twelve…