Prudential plc (LON:PRU - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 683.40 ($9.04) and traded as high as GBX 773.20 ($10.23). Prudential shares last traded at GBX 727.40 ($9.63), with a volume of 11,843,010 shares.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on PRU. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 950 ($12.57) price objective on shares of Prudential in a research report on Thursday, March 20th. Bank of America reissued a "buy" rating and issued a GBX 1,000 ($13.23) target price on shares of Prudential in a report on Thursday, March 20th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of GBX 1,188 ($15.72).
Read Our Latest Report on Prudential
Prudential Trading Up 0.4 %
The company has a 50 day simple moving average of GBX 749.53 and a 200 day simple moving average of GBX 685.23. 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 market capitalization of £25.21 billion, a PE ratio of 38.28, a P/E/G ratio of 0.40 and a beta of 1.20.
Prudential Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 1.58%. This is an increase from Prudential's previous dividend of $0.07. Prudential's dividend payout ratio is presently 84.92%.
About Prudential
(
Get Free Report)
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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