Barclays Reiterates Overweight Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “overweight” rating reissued by research analysts at Barclays in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 1,390 ($17.17) target price on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 89.06% from the stock’s current price.

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

Prudential Stock Performance

PRU opened at GBX 735.20 ($9.08) on Tuesday. The stock has a market capitalization of £20.22 billion, a price-to-earnings ratio of 1,500.41, a PEG ratio of 0.40 and a beta of 1.26. The company has a fifty day moving average of GBX 763.49 and a 200 day moving average of GBX 826.52. Prudential has a fifty-two week low of GBX 684.73 ($8.46) and a fifty-two week high of GBX 1,234 ($15.24). The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02.

Insider Activity

In other news, insider Anil Wadhwani bought 57,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of GBX 753 ($9.30) per share, for a total transaction of £432,485.55 ($534,196.58). Insiders own 0.43% of the company’s stock.

Prudential Company Profile

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.