Prudential (LON:PRU) Reaches New 12-Month Low – Here’s Why

Prudential plc (LON:PRU – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as GBX 902.72 and last traded at GBX 903.40, with a volume of 17077848 shares. The stock had previously closed at GBX 924.20.

Analyst Upgrades and Downgrades

PRU has been the topic of a number of analyst reports. Citigroup lowered their price objective on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a report on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,500 target price on shares of Prudential in a research report on Friday, August 28th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 1,445 price target on shares of Prudential in a report on Thursday, September 24th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Prudential currently has a consensus rating of “Buy” and a consensus price target of GBX 1,453.

Get Our Latest Report on Prudential

Prudential Stock Performance

The stock has a market cap of £22.16 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89. The stock’s 50-day simple moving average is GBX 997.39 and its two-hundred day simple moving average is GBX 1,045.65.

Insider Activity at Prudential

In other Prudential news, insider Anil Wadhwani acquired 42 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of GBX 990 per share, with a total value of £415.80. Insiders own 0.52% of the company’s stock.

Prudential Company Profile

(Get Free Report)

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.

Further Reading

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