Prudential (LON:PRU) Reaches New 12-Month High - Here's What Happened

Key Points

• Prudential plc's shares reached a new 52-week high at GBX 948.60 ($12.75) during trading, marking significant growth from its previous close of GBX 930.68 ($12.51).
• JPMorgan Chase & Co. has set an "overweight" rating for Prudential with a price target of GBX 1,150 ($15.45), indicating confidence in the company's future performance.
• Insider George David Sartorel purchased 1,000 shares at an average price of GBX 879 ($11.81), suggesting insider confidence in the company’s stock potential.

Prudential plc (LON:PRU - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 948.60 ($12.58) and last traded at GBX 945.60 ($12.54), with a volume of 13126580 shares traded. The stock had previously closed at GBX 930.68 ($12.34).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,150 ($15.25) target price on shares of Prudential in a research note on Wednesday, July 16th.

Prudential Price Performance

The company has a market capitalization of £31.71 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company's 50 day simple moving average is GBX 896.60 and its 200 day simple moving average is GBX 800.94. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67.

Insider Buying and Selling at Prudential

In other Prudential news, insider George David Sartorel acquired 1,000 shares of the business's stock in a transaction on Thursday, June 19th. The stock was purchased at an average price of GBX 879 ($11.65) per share, for a total transaction of £8,790 ($11,654.73). 0.29% of the stock is currently owned by corporate insiders.

About Prudential

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).