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

Prudential plc (LON:PRU) shares reached 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 traded. 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 research report on Friday, January 9th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,234.40.

Prudential Stock Performance

The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The firm has a market capitalization of £30.48 billion, a PE ratio of 9.36, a P/E/G ratio of 0.40 and a beta of 1.20. The firm has a fifty day moving average price of GBX 1,138.84 and a 200 day moving average price of GBX 1,052.70.

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.