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

Key Points

• Prudential plc shares reached a new 52-week high at GBX 981.60 ($13.18), reflecting strong market performance with a trading volume of 7400999 shares.
• JPMorgan Chase & Co. has reiterated an "overweight" rating for Prudential and set a price target of GBX 1,150 ($15.45).
• Insider George David Sartorel bought 1,000 shares at an average price of GBX 879 ($11.81), indicating confidence from company insiders.

Prudential plc (LON:PRU - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 981.60 ($13.18) and last traded at GBX 979.20 ($13.15), with a volume of 7400999 shares changing hands. The stock had previously closed at GBX 968.80 ($13.01).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,150 ($15.45) price target on shares of Prudential in a research report on Wednesday, July 16th.

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 stock has a market cap of £32.16 billion, a P/E ratio of 48.82, a PEG ratio of 0.40 and a beta of 1.20. The firm's fifty day moving average price is GBX 916.32 and its 200-day moving average price is GBX 821.29.

Insider Buying and Selling

In other Prudential news, insider George David Sartorel purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The stock was bought at an average price of GBX 879 ($11.81) per share, with a total value of £8,790 ($11,806.58). 0.29% of the stock is owned by 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).

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