Prudential (LON:PRU) Stock Price Down 6.4% – What’s Next?

Prudential plc (LON:PRUGet Free Report) shares fell 6.4% during mid-day trading on Wednesday . The company traded as low as GBX 949.40 and last traded at GBX 1,025. 20,211,518 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 14,004,230 shares. The stock had previously closed at GBX 1,095.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on Prudential from GBX 1,450 to GBX 1,480 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,379.

Check Out Our Latest Research Report on PRU

Prudential Stock Performance

The firm has a fifty day moving average price of GBX 1,038.09 and a two-hundred day moving average price of GBX 1,094. The stock has a market capitalization of £25.57 billion, a P/E ratio of 6.68, a PEG ratio of 0.40 and a beta of 0.90.

Insider Buying and Selling

In related news, insider Douglas Flint bought 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of GBX 959 per share, with a total value of £119,875. Also, insider Anil Wadhwani bought 36 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of GBX 1,139 per share, for a total transaction of £410.04. In the last three months, insiders purchased 24,536 shares of company stock worth $23,860,504. 0.48% of the stock is currently owned by insiders.

Prudential Company Profile

(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). 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.

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