UBS Group reiterated their buy rating on shares of Prudential (LON:PRU) in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also issued reports on PRU. HSBC set a GBX 2,250 ($29.40) price target on Prudential and gave the company a buy rating in a research report on Wednesday, October 2nd. Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,100 ($27.44) price objective on shares of Prudential in a research note on Monday, September 30th. Barclays reissued an overweight rating and set a GBX 2,088 ($27.28) price target on shares of Prudential in a research report on Monday, September 9th. Shore Capital reissued a buy rating on shares of Prudential in a research report on Thursday, July 4th. Finally, Deutsche Bank reissued a buy rating on shares of Prudential in a research report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 1,882 ($24.59).
LON:PRU traded up GBX 38.50 ($0.50) during trading hours on Wednesday, hitting GBX 1,498 ($19.57). The company had a trading volume of 8,368,403 shares, compared to its average volume of 4,740,000. The company has a current ratio of 1.04, a quick ratio of 0.04 and a debt-to-equity ratio of 81.74. The company has a 50-day moving average of GBX 1,434.77 and a 200 day moving average of GBX 1,588.97. The company has a market cap of $38.84 billion and a P/E ratio of 12.13. Prudential has a 1 year low of GBX 1,299.50 ($16.98) and a 1 year high of GBX 1,795 ($23.45).
The firm also recently announced a dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd were paid a GBX 16.45 ($0.21) dividend. The ex-dividend date was Thursday, August 22nd. This represents a dividend yield of 1.15%. Prudential’s payout ratio is 0.40%.
In other Prudential news, insider Fields Wicker-Miurin bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of GBX 1,381 ($18.05) per share, with a total value of £13,810 ($18,045.21). Also, insider James Turner bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average cost of GBX 1,389 ($18.15) per share, with a total value of £347,250 ($453,743.63). Insiders bought 26,025 shares of company stock valued at $36,142,741 in the last quarter.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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