Prudential (LON:PRU) had its target price cut by JPMorgan Chase & Co. from GBX 1,761 ($23.01) to GBX 1,627 ($21.26) in a research note published on Monday, Borsen Zeitung reports. They currently have a neutral rating on the financial services provider’s stock.
A number of other analysts also recently commented on the stock. Barclays reissued an overweight rating and set a GBX 2,088 ($27.28) price objective on shares of Prudential in a report on Monday, September 9th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 1,845 ($24.11) price target on shares of Prudential in a report on Friday, June 21st. Morgan Stanley reduced their price target on shares of Prudential from GBX 2,335 ($30.51) to GBX 2,100 ($27.44) and set an overweight rating on the stock in a report on Wednesday, August 21st. UBS Group reaffirmed a buy rating on shares of Prudential in a report on Thursday, August 15th. Finally, Royal Bank of Canada reaffirmed a sector performer rating on shares of Prudential in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Prudential currently has an average rating of Buy and a consensus target price of GBX 1,960.90 ($25.62).
PRU stock opened at GBX 1,469.50 ($19.20) on Monday. The company has a market cap of $38.20 billion and a P/E ratio of 11.90. Prudential has a 52 week low of GBX 1,299.50 ($16.98) and a 52 week high of GBX 1,819.50 ($23.77). The company’s 50-day moving average price is GBX 1,452.60 and its 200 day moving average price is GBX 1,607.82. 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 firm also recently declared a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd will be issued a GBX 16.45 ($0.21) dividend. This represents a dividend yield of 1.15%. The ex-dividend date is Thursday, August 22nd. Prudential’s dividend payout ratio (DPR) is presently 0.40%.
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.
Further Reading: How Do Front-End Loads Impact an Investment?
Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.