China Life Insurance Co. (NYSE:LFC) gapped up prior to trading on Friday . The stock had previously closed at $11.76, but opened at $12.02. China Life Insurance shares last traded at $12.39, with a volume of 277,744 shares traded.

Separately, Zacks Investment Research raised China Life Insurance from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, June 15th.

The firm has a 50 day moving average of $11.73 and a 200 day moving average of $11.43. The company has a market capitalization of $69.81 billion and a P/E ratio of 35.29.

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