Prudential (LON:PRU) Trading 7.3% Higher

Prudential plc (LON:PRUGet Free Report)’s stock price traded up 7.3% during trading on Monday . The company traded as high as GBX 761.20 ($9.66) and last traded at GBX 759 ($9.63). Approximately 14,336,061 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 9,027,958 shares. The stock had previously closed at GBX 707.20 ($8.97).

Analysts Set New Price Targets

PRU has been the topic of several recent research reports. Barclays restated an “overweight” rating and issued a GBX 1,390 ($17.63) price target on shares of Prudential in a research report on Wednesday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,800 ($22.83) price target on shares of Prudential in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,350 ($17.13) price target on shares of Prudential in a research report on Monday.

Get Our Latest Stock Report on PRU

Prudential Price Performance

The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02. The stock has a market capitalization of £20.87 billion, a price-to-earnings ratio of 1,548.98, a P/E/G ratio of 0.81 and a beta of 1.26. The company has a 50-day moving average of GBX 746.17 and a 200-day moving average of GBX 785.60.

Insider Buying and Selling at Prudential

In other news, insider Anil Wadhwani acquired 57,435 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of GBX 753 ($9.55) per share, for a total transaction of £432,485.55 ($548,630.66). 0.29% of the stock is currently owned by insiders.

About Prudential

(Get Free Report)

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.

Further Reading

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