Prudential plc (LON:PRU - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 873.20 ($11.60) and last traded at GBX 869.40 ($11.55), with a volume of 42867984 shares changing hands. The stock had previously closed at GBX 835.60 ($11.10).
Analysts Set New Price Targets
Several brokerages have recently commented on PRU. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 950 ($12.62) target price on shares of Prudential in a research note on Thursday, March 20th. Bank of America reissued a "buy" rating and issued a GBX 1,000 ($13.28) price objective on shares of Prudential in a research note on Thursday, March 20th.
Check Out Our Latest Analysis on Prudential
Prudential Stock Performance
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 company's 50-day moving average is GBX 795.14 and its two-hundred day moving average is GBX 708.60. The firm has a market cap of £28.63 billion, a P/E ratio of 43.47, a PEG ratio of 0.40 and a beta of 1.20.
Prudential Increases Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.16 per share. This represents a yield of 1.58%. This is an increase from Prudential's previous dividend of $0.07. The ex-dividend date was Thursday, March 27th. Prudential's payout ratio is currently 84.92%.
About Prudential
(
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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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