Prudential (LON:PRU) Reaches New 1-Year High - Still a Buy?

Shares of Prudential plc (LON:PRU - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 941.80 ($12.65) and last traded at GBX 940.20 ($12.63), with a volume of 83954117 shares. The stock had previously closed at GBX 933.40 ($12.53).

Analyst Ratings Changes

PRU has been the subject of a number of analyst reports. Bank of America reiterated a "buy" rating and issued a GBX 1,000 ($13.43) price target on shares of Prudential in a research note on Thursday, March 20th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,150 ($15.44) price objective on shares of Prudential in a report on Wednesday.

Prudential Price Performance

The firm's fifty day simple moving average is GBX 885.02 and its 200 day simple moving average is GBX 782.23. The firm has a market cap of £30.28 billion, a P/E ratio of 45.97, a P/E/G ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86.

Insider Activity at Prudential

In related news, insider George David Sartorel acquired 1,000 shares of the company's stock in a transaction on Thursday, June 19th. The stock was acquired at an average price of GBX 879 ($11.80) per share, with a total value of £8,790 ($11,803.41). 0.29% of the stock is owned by company insiders.

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).