Prudential (LON:PRU)‘s stock had its “buy” rating reissued by UBS Group in a report released on Monday, June 3rd, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada set a GBX 1,750 ($22.87) target price on shares of Prudential and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Jefferies Financial Group raised their target price on shares of Prudential from GBX 1,936 ($25.30) to GBX 1,949 ($25.47) and gave the stock a “hold” rating in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their price target on Prudential from GBX 1,522 ($19.89) to GBX 1,558 ($20.36) and gave the company a “neutral” rating in a report on Tuesday, February 5th. Barclays reaffirmed an “overweight” rating and set a GBX 2,063 ($26.96) price target (down previously from GBX 2,104 ($27.49)) on shares of Prudential in a report on Wednesday, March 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a GBX 2,428 ($31.73) price target on shares of Prudential in a report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,061 ($26.93).
LON PRU traded down GBX 3 ($0.04) during trading hours on Monday, reaching GBX 1,679 ($21.94). The company’s stock had a trading volume of 3,137,660 shares, compared to its average volume of 4,740,000. The company has a debt-to-equity ratio of 113.46, a quick ratio of 0.14 and a current ratio of 1.17. The company has a 50-day moving average of GBX 1,640.99. Prudential has a 52 week low of GBX 1,325 ($17.31) and a 52 week high of GBX 1,843 ($24.08). The company has a market cap of $43.45 billion and a PE ratio of 14.38.
In other news, insider Fields Wicker-Miurin acquired 1,500 shares of the stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of GBX 1,655 ($21.63) per share, for a total transaction of £24,825 ($32,438.26). Also, insider Mike Wells sold 149,122 shares of Prudential stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of GBX 1,561 ($20.40), for a total transaction of £2,327,794.42 ($3,041,675.71).
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
Further Reading: How to Use a Moving Average for Trading
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