Prudential PLC (PUK) Sees Large Volume Increase
Shares of Prudential PLC (NYSE:PUK) saw unusually-strong trading volume on Friday . Approximately 791,296 shares traded hands during trading, a decline of 6% from the previous session’s volume of 838,592 shares.The stock last traded at $37.53 and had previously closed at $36.58.
PUK has been the subject of several analyst reports. Societe Generale downgraded shares of Prudential PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. JPMorgan Chase & Co. downgraded shares of Prudential PLC from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 5th. Finally, Bank of America Corp. set a $42.40 price objective on shares of Prudential PLC and gave the stock a “buy” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.95.
The company’s 50-day moving average is $35.81 and its 200 day moving average is $36.83. The stock has a market capitalization of $48.25 billion and a PE ratio of 19.93.
The company also recently announced a dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, August 26th will be issued a $0.335 dividend. The ex-dividend date of this dividend 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.