Prudential Public (NYSE:PUK) Sets New 52-Week High - Should You Buy?

Shares of Prudential Public Limited Company (NYSE:PUK - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $24.64 and last traded at $24.49, with a volume of 1040544 shares changing hands. The stock had previously closed at $23.96.

Analyst Ratings Changes

PUK has been the topic of several research reports. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup restated a "buy" rating on shares of Prudential Public in a research report on Tuesday, April 1st. Barclays reaffirmed an "overweight" rating on shares of Prudential Public in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Prudential Public from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Prudential Public Stock Performance

The business has a 50-day simple moving average of $22.42 and a 200 day simple moving average of $19.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $31.11 billion, a PE ratio of 10.34, a PEG ratio of 0.69 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Choreo LLC lifted its holdings in Prudential Public by 5.6% during the first quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 644 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock worth $55,000 after purchasing an additional 707 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Prudential Public by 7.9% during the 1st quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 877 shares during the period. National Bank of Canada FI lifted its stake in shares of Prudential Public by 29.0% during the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after buying an additional 883 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after buying an additional 1,140 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.