Shares of Prudential plc (LON:PRU - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 691.43 ($9.18) and traded as high as GBX 808.20 ($10.73). Prudential shares last traded at GBX 803.60 ($10.67), with a volume of 4,289,268 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 950 ($12.61) price target on shares of Prudential in a research report on Thursday, March 20th. Bank of America reiterated a "buy" rating and set a GBX 1,000 ($13.27) price objective on shares of Prudential in a report on Thursday, March 20th.
Get Our Latest Stock Analysis on PRU
Prudential Stock Performance
The firm has a market cap of £26.95 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. 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 stock has a fifty day moving average price of GBX 772.71 and a 200 day moving average price of GBX 695.09.
Prudential Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, March 27th will be issued a dividend of $0.16 per share. This is an increase from Prudential's previous dividend of $0.07. This represents a dividend yield of 1.58%. The ex-dividend date is Thursday, March 27th. Prudential's dividend payout ratio is currently 84.92%.
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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