Prudential (LON:PRU) Price Target Raised to GBX 1,425

Prudential (LON:PRU) had its target price hoisted by equities research analysts at Citigroup from GBX 1,122 to GBX 1,425 in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective points to a potential upside of 18.95% from the stock’s previous close.

Separately, JPMorgan Chase & Co. lifted their price objective on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential currently has a consensus rating of “Buy” and an average target price of GBX 1,295.

Prudential Price Performance

PRU traded up GBX 2.25 during midday trading on Monday, hitting GBX 1,198. 46,262,152 shares of the company traded hands, compared to its average volume of 19,027,369. The business has a 50 day simple moving average of GBX 1,138.84 and a two-hundred day simple moving average of GBX 1,054.55. Prudential has a 52-week low of GBX 653.40 and a 52-week high of GBX 1,219.50. The company has a market capitalization of £30.32 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.40 and a beta of 1.20. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44.

About Prudential

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.