JPMorgan Chase & Co. Lowers Prudential (LON:PRU) Price Target to GBX 1,450

Prudential (LON:PRU) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from GBX 1,500 to GBX 1,450 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 35.77% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Prudential from GBX 1,355 to GBX 1,440 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Citigroup increased their price target on Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a research note on Monday, February 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,373.

Prudential Stock Down 2.3%

Shares of LON PRU opened at GBX 1,068 on Thursday. The business’s 50 day moving average price is GBX 1,132.72 and its two-hundred day moving average price is GBX 1,094.75. The company has a market cap of £26.90 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92. Prudential has a twelve month low of GBX 678.40 and a twelve month high of GBX 1,238.

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.