Prudential (LON:PRU) Sets New 1-Year High – Here’s What Happened

Prudential plc (LON:PRU) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,158 and last traded at GBX 1,152, with a volume of 2501333 shares traded. The stock had previously closed at GBX 1,148.50.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PRU shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,350 target price on shares of Prudential in a research note on Monday, September 22nd. Citigroup cut their price objective on Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating on the stock in a report on Monday, September 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Prudential in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,189.40.

Prudential Stock Up 0.3%

The company has a market cap of £29.23 billion, a price-to-earnings ratio of 8.95, 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. The firm’s fifty day simple moving average is GBX 1,070.40 and its 200 day simple moving average is GBX 1,000.79.

Prudential Company Profile

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.