Prudential (LON:PRU) Trading 0.2% Higher – What’s Next?

Prudential plc (LON:PRU)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as GBX 679 ($8.57) and last traded at GBX 672.77 ($8.49). Approximately 10,574,615 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 13,307,617 shares. The stock had previously closed at GBX 671.60 ($8.48).

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Prudential from GBX 1,330 ($16.79) to GBX 1,150 ($14.51) and set an “overweight” rating for the company in a research note on Monday, September 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,310 ($16.53) price objective on shares of Prudential in a research report on Thursday, September 5th.

Prudential Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 31.72. The business’s fifty day moving average is GBX 655.85 and its 200 day moving average is GBX 680.62. The company has a market cap of £17.47 billion, a P/E ratio of 2,700.00, a PEG ratio of 0.40 and a beta of 1.20.

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.