Prudential (LON:PRU) Reaches New 1-Year High – Should You Buy?

by · The Markets Daily

Prudential plc (LON:PRU – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 1,114.50 and last traded at GBX 1,104, with a volume of 10284577 shares trading hands. The stock had previously closed at GBX 1,100.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PRU shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,350 target price on shares of Prudential in a report on Monday, September 22nd. UBS Group reaffirmed a “buy” rating and issued a GBX 1,200 price target on shares of Prudential in a research report on Friday, August 15th. Citigroup decreased their price objective on Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating for the company in a research note on Monday, September 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Prudential in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,189.40.

Check Out Our Latest Analysis on Prudential

Prudential Stock Down 0.5%

The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The stock has a market cap of £27.86 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The firm has a fifty day moving average of GBX 1,051.28 and a 200 day 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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