Prudential (LON:PRU) Earns “Overweight” Rating from Barclays

Barclays reaffirmed their overweight rating on shares of Prudential (LON:PRU) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. They currently have a GBX 1,390 ($17.17) target price on the financial services provider’s stock.

Separately, Jefferies Financial Group reiterated a buy rating and set a GBX 1,800 ($22.23) target price on shares of Prudential in a research note on Wednesday, March 20th.

Prudential Stock Performance

Shares of PRU stock opened at GBX 714 ($8.82) on Tuesday. The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. The firm has a fifty day moving average price of GBX 761.61 and a 200 day moving average price of GBX 825.74. The company has a market cap of £19.64 billion, a P/E ratio of 1,457.14, a PEG ratio of 0.40 and a beta of 1.26. Prudential has a 12 month low of GBX 684.73 ($8.46) and a 12 month high of GBX 1,234 ($15.24).

Prudential Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be paid a $0.14 dividend. This represents a yield of 1.43%. The ex-dividend date is Thursday, March 28th. This is an increase from Prudential’s previous dividend of $0.06. Prudential’s dividend payout ratio is currently 3,265.31%.

Insider Buying and Selling at Prudential

In other Prudential news, insider Anil Wadhwani bought 57,435 shares of Prudential stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of GBX 753 ($9.30) per share, with a total value of £432,485.55 ($534,196.58). 0.43% of the stock is currently owned by insiders.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.