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

Key Points

• The stock of Prudential plc reached a new 52-week high at GBX 1,003.50, closing at GBX 999.40 with a trading volume of over 11.5 million shares.
• Analysts have expressed positive sentiment with a majority rating the stock as "Buy," and price targets ranging from GBX 1,150 to GBX 1,200.
• Insider George David Sartorel purchased shares at £8,790, indicating confidence in the company, where insiders hold 0.29% of the stock.

Prudential plc (LON:PRU - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 1,003.50 ($13.50) and last traded at GBX 999.40 ($13.45), with a volume of 11597764 shares. The stock had previously closed at GBX 992 ($13.35).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a "buy" rating and set a GBX 1,200 price target on shares of Prudential in a report on Friday, August 15th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,150 price target on shares of Prudential in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 1,165.

Prudential Trading Up 0.6%

The company has a 50 day moving average of GBX 932.06 and a 200-day moving average of GBX 834.40. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The stock has a market cap of £32.82 billion, a price-to-earnings ratio of 49.83, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insider Transactions at Prudential

In other news, insider George David Sartorel bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The shares were purchased at an average price of GBX 879 per share, with a total value of £8,790. Insiders own 0.29% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.