---
title: "Under the banner of \"Big Banks,\" the target price for Ping An Insurance has been lowered to 82 yuan with a rating of \"Buy.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282773694.md"
description: "Citi lowered the target price for Ping An Insurance to 82 yuan, with a rating of \"Buy.\" The bank reduced its earnings per share forecasts for the fiscal years 2026 and 2027 by 5% and 4%, respectively, and introduced forecasts for the fiscal year 2028. The new target price corresponds to a price-to-embedded value multiple of 0.84 times for 2026. Citi is optimistic about Ping An's prospects in life insurance reform, believing that its management team has strong execution capabilities and will benefit in the long term from ongoing life insurance reforms"
datetime: "2026-04-15T02:45:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282773694.md)
  - [en](https://longbridge.com/en/news/282773694.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282773694.md)
---

# Under the banner of "Big Banks," the target price for Ping An Insurance has been lowered to 82 yuan with a rating of "Buy."

Citi published a research report, updating the forecast model for Ping An Insurance (02318.HK), lowering the earnings per share forecast for the fiscal years 2026 and 2027 by 5% and 4%, respectively, and introducing the forecast for the fiscal year 2028. The bank lowered its target price for H shares based on the sum-of-the-parts valuation method from HKD 85.5 to HKD 82, and the target price for A shares (601318.SH) from RMB 80.8 to RMB 77.5, maintaining a "Buy" rating.

The bank stated that the new target price corresponds to a price-to-embedded value multiple of 0.84 times for 2026. Citi is optimistic about Ping An as a pioneer in life insurance reform, noting that the management team is strong in execution and forward-thinking, and should benefit in the long term from ongoing life insurance reforms, with minimal sensitivity to the reserve cycle

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