Prudential (LON:PRU) Sets New 12-Month High - Still a Buy?

Prudential plc (LON:PRU - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 885.80 ($12.06) and last traded at GBX 880 ($11.98), with a volume of 4707455 shares changing hands. The stock had previously closed at GBX 876.85 ($11.94).

Analyst Ratings Changes

PRU has been the subject of a number of research analyst reports. Bank of America reiterated a "buy" rating and issued a GBX 1,000 ($13.61) price target on shares of Prudential in a report on Thursday, March 20th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 1,000 ($13.61) price target on shares of Prudential in a report on Monday, May 19th.

Prudential Stock Down 1.3%

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 firm has a market capitalization of £29.19 billion, a P/E ratio of 44.32, a P/E/G ratio of 0.40 and a beta of 1.20. The stock has a fifty day moving average price of GBX 815.94 and a two-hundred day moving average price of GBX 734.95.

Prudential Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, March 27th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a yield of 1.58%. This is a positive change from Prudential's previous dividend of $0.07. Prudential's payout ratio is currently 84.92%.

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).