Barclays Reiterates Overweight Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “overweight” rating reissued by Barclays in a research note issued on Tuesday, Digital Look reports. They currently have a GBX 1,390 ($17.17) price target on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 87.18% from the company’s current price.

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

Prudential Stock Up 1.0 %

Shares of Prudential stock traded up GBX 7.20 ($0.09) on Tuesday, reaching GBX 742.60 ($9.17). The company’s stock had a trading volume of 4,769,528 shares, compared to its average volume of 8,686,316. The company has a market capitalization of £20.42 billion, a price-to-earnings ratio of 1,515.51, a P/E/G ratio of 0.40 and a beta of 1.26. The firm’s fifty day simple moving average is GBX 765.55 and its two-hundred day simple moving average is GBX 828.04. Prudential has a 52 week low of GBX 684.73 ($8.46) and a 52 week high of GBX 1,234 ($15.24). The company has a quick ratio of 0.67, a current ratio of 2.02 and a debt-to-equity ratio of 31.08.

Insider Transactions at Prudential

In related news, insider Anil Wadhwani bought 57,435 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average cost of GBX 753 ($9.30) per share, for a total transaction of £432,485.55 ($534,196.58). Company 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.