Prudential (LON:PRU) Price Target Raised to GBX 1,500

Prudential (LON:PRU) had its price target raised by equities researchers at JPMorgan Chase & Co. from GBX 1,325 to GBX 1,500 in a research note issued on Friday,Digital Look reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 29.25% from the company’s current price.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,350 price target on shares of Prudential in a research note on Monday, September 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,234.40.

Prudential Stock Performance

LON PRU remained flat at GBX 1,160.50 on Friday. The company’s stock had a trading volume of 6,697,868 shares, compared to its average volume of 50,146,238. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The stock’s 50 day simple moving average is GBX 1,103.55 and its two-hundred day simple moving average is GBX 1,023.47. Prudential has a 1-year low of GBX 595.20 and a 1-year high of GBX 1,213. The company has a market cap of £29.37 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.