Prudential plc (LON:PRU)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1,417.28 and traded as high as $1,504.50. Prudential shares last traded at $1,489.00, with a volume of 6,444,651 shares.
A number of equities analysts have weighed in on the company. Goldman Sachs Group assumed coverage on Prudential in a research note on Tuesday, October 29th. They issued a “buy” rating and a GBX 1,560 ($20.52) target price on the stock. HSBC lowered their price target on Prudential from GBX 1,835 ($24.14) to GBX 1,800 ($23.68) and set a “buy” rating on the stock in a report on Tuesday, November 19th. Deutsche Bank reiterated a “hold” rating and set a GBX 1,500 ($19.73) price target on shares of Prudential in a research report on Friday, January 31st. Macquarie started coverage on Prudential in a report on Friday, December 20th. They set an “outperform” rating and a GBX 1,790 ($23.55) price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Prudential from GBX 1,323 ($17.40) to GBX 1,425 ($18.75) and gave the stock a “neutral” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,668.67 ($21.95).
The firm has a market cap of $38.92 billion and a P/E ratio of 12.06. The company has a debt-to-equity ratio of 81.74, a current ratio of 1.04 and a quick ratio of 0.04. The stock has a 50 day moving average of GBX 1,436.56 and a 200 day moving average of GBX 1,416.78.
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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