Prudential (LON:PRU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised Prudential's price target from GBX 1,200 to GBX 1,275, indicating a potential upside of 26.30% from the current stock price.
• A consensus rating of "Buy" for Prudential has been established, with five analysts supporting this view and an average price target of GBX 1,189.40.
• Insider Guido Fürer purchased 13,000 shares of Prudential stock at an average price of GBX 966, reflecting confidence in the company's performance.

Prudential (LON:PRU - Get Free Report) had its price target boosted by analysts at JPMorgan Chase & Co. from GBX 1,200 to GBX 1,275 in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 26.30% from the stock's current price.

A number of other research analysts have also weighed in on PRU. Jefferies Financial Group restated a "buy" rating and set a GBX 1,350 price objective on shares of Prudential in a research report on Monday, September 22nd. UBS Group restated a "buy" rating and set a GBX 1,200 price target on shares of Prudential in a report on Friday, August 15th. Finally, Citigroup lowered their target price on Prudential from GBX 1,142 to GBX 1,122 and set a "buy" rating for the company in a research report on Monday, September 1st. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 1,189.40.

Prudential Price Performance

PRU stock opened at GBX 1,009.50 on Monday. 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 company's fifty day moving average price is GBX 1,002.52 and its 200-day moving average price is GBX 907.12. Prudential has a one year low of GBX 594.80 and a one year high of GBX 1,059.50. The company has a market capitalization of £25.72 billion, a PE ratio of 784.38, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insider Activity at Prudential

In other Prudential news, insider Guido Fürer acquired 13,000 shares of the business's stock in a transaction on Friday, August 29th. The shares were bought at an average price of GBX 966 per share, with a total value of £125,580. Corporate insiders own 0.46% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.