Prudential (LON:PRU) Reaches New 52-Week High - Here's What Happened
Prudential plc (LON:PRU) reached a new 52-week high, trading as high as GBX 1,114.50. Analysts maintain a Buy rating with an average price target of GBX 1,189.40. The company has a market cap of £27.86 billion and a P/E ratio of 8.51. Prudential offers life and health insurance and asset management in Asia and Africa, with listings on the Hong Kong and London Stock Exchanges.
Prudential plc (LON:PRU - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,114.50 and last traded at GBX 1,104, with a volume of 10284577 shares. The stock had previously closed at GBX 1,100.50.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,350 target price on shares of Prudential in a research report on Monday, September 22nd. Citigroup reduced their price target on shares of Prudential from GBX 1,142 to GBX 1,122 and set a "buy" rating on the stock in a research note on Monday, September 1st. UBS Group restated a "buy" rating and issued a GBX 1,200 price objective on shares of Prudential in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Prudential in a research report on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Prudential currently has an average rating of "Buy" and an average price target of GBX 1,189.40.
Check Out Our Latest Stock Report on Prudential
Prudential Stock Performance
The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The company has a market capitalization of £27.86 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.40 and a beta of 1.20. The firm has a 50-day simple moving average of GBX 1,051.28 and a two-hundred day simple moving average of GBX 976.22.
About Prudential
(Get Free Report)Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).
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