Prudential PLC (PUK) Sees Large Volume Increase
Prudential PLC (NYSE:PUK) saw unusually-high trading volume on Monday . Approximately 1,006,281 shares traded hands during trading, an increase of 44% from the previous session’s volume of 697,740 shares.The stock last traded at $37.35 and had previously closed at $36.83.
PUK has been the subject of several recent analyst reports. Zacks Investment Research cut Prudential PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Bank of America Corp. set a $42.40 price objective on Prudential PLC and gave the stock a “buy” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. cut Prudential PLC from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 5th. Finally, Societe Generale cut Prudential PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.95.
The firm’s 50 day moving average is $34.62 and its 200 day moving average is $36.72. The company has a market capitalization of $46.89 billion and a P/E ratio of 19.59.
The business also recently announced a dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, August 26th will be issued a $0.335 dividend. The ex-dividend date is Wednesday, August 24th.
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.
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