Prudential (LON:PRU) Given "Buy" Rating at UBS Group

Key Points

• UBS Group has maintained a "buy" rating for Prudential and set a price target of GBX 1,200 ($16.24), indicating a potential upside of 21.48% from its current price.
• JPMorgan Chase & Co. also reaffirmed an "overweight" rating for Prudential with a price objective of GBX 1,150 ($15.56).
• Prudential's current stock price is GBX 987.80 ($13.36), and the company has a market capitalization of £32.50 billion with significant trading activity recently.

Prudential (LON:PRU - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at UBS Group in a report released on Friday, Marketbeat.com reports. They currently have a GBX 1,200 ($16.24) price objective on the financial services provider's stock. UBS Group's price target suggests a potential upside of 21.48% from the company's current price.

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,150 ($15.56) price objective on shares of Prudential in a research note on Wednesday, July 16th.

Prudential Price Performance

LON PRU traded down GBX 5.60 ($0.08) during trading hours on Friday, hitting GBX 987.80 ($13.36). 3,707,814 shares of the company's stock traded hands, compared to its average volume of 6,920,022. Prudential has a 52-week low of GBX 594.80 ($8.05) and a 52-week high of GBX 999.60 ($13.52). The company has a market capitalization of £32.50 billion, a PE ratio of 49.34, a PEG ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The firm's 50-day moving average is GBX 923.71 and its 200-day moving average is GBX 825.76.

Insider Activity at Prudential

In related news, insider George David Sartorel acquired 1,000 shares of the firm's stock in a transaction dated Thursday, June 19th. The shares were purchased at an average cost of GBX 879 ($11.89) per share, for a total transaction of £8,790 ($11,892.84). Corporate insiders own 0.29% of the company's stock.

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).

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