Prudential (LON:PRU) Sets New 52-Week High on Insider Buying Activity

Prudential plc (LON:PRU - Get Free Report) shares reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as GBX 921 ($12.64) and last traded at GBX 921 ($12.64), with a volume of 72016438 shares changing hands. The stock had previously closed at GBX 895.20 ($12.28).

Specifically, insider George David Sartorel acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 19th. The stock was acquired at an average price of GBX 879 ($12.06) per share, with a total value of £8,790 ($12,062.58).

Analysts Set New Price Targets

Several research analysts have commented on PRU shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,000 ($13.72) price target on shares of Prudential in a research report on Monday, May 19th. Bank of America restated a "buy" rating and issued a GBX 1,000 ($13.72) price objective on shares of Prudential in a research note on Thursday, March 20th.

Prudential Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The firm has a market cap of £30.30 billion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The stock's 50-day moving average price is GBX 851.64 and its 200 day moving average price is GBX 753.72.

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).