Prudential plc (LON:PRU - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,040.50 ($14.02) and last traded at GBX 1,030 ($13.88), with a volume of 9523519 shares trading hands. The stock had previously closed at GBX 1,028.45 ($13.86).
Wall Street Analysts Forecast Growth
Several brokerages have commented on PRU. UBS Group restated a "buy" rating and set a GBX 1,200 target price on shares of Prudential in a report on Friday, August 15th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 1,150 target price on shares of Prudential in a research report on Wednesday, July 16th. Finally, Citigroup dropped their price target on Prudential from GBX 1,142 to GBX 1,122 and set a "buy" rating for the company in a research note on Monday, September 1st. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 1,118.
Check Out Our Latest Report on PRU
Prudential Trading Down 1.7%
The company has a fifty day moving average price of GBX 971.72 and a 200-day moving average price of GBX 878.83. 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 firm has a market cap of £26.09 billion, a price-to-earnings ratio of 793.97, a PEG ratio of 0.40 and a beta of 1.20.
Insider Buying and Selling
In related news, insider Guido Fürer acquired 13,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of GBX 966 per share, for a total transaction of £125,580. 0.46% of the stock is currently owned by insiders.
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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