Prudential (LON:PRU) Sets New 1-Year High – What’s Next?

Shares of Prudential plc (LON:PRU) hit a new 52-week high on Thursday . The stock traded as high as GBX 1,219.50 and last traded at GBX 1,202.51, with a volume of 7929005 shares trading hands. The stock had previously closed at GBX 1,199.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential has a consensus rating of “Buy” and an average target price of GBX 1,234.40.

Prudential Price Performance

The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. The stock has a fifty day simple moving average of GBX 1,132.63 and a two-hundred day simple moving average of GBX 1,049.75. The company has a market cap of £30.43 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

About Prudential

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.