Prudential (LON:PRU) Hits New 52-Week High – What’s Next?

Shares of Prudential plc (LON:PRU) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,172.50 and last traded at GBX 1,160.50, with a volume of 3713778 shares changing hands. The stock had previously closed at GBX 1,144.50.

Wall Street Analyst Weigh In

Several analysts have weighed in on PRU shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,350 price target on shares of Prudential in a research note on Monday, September 22nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Prudential in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 1,189.40.

Prudential Stock Performance

The business’s fifty day simple moving average is GBX 1,091.78 and its 200-day simple moving average is GBX 1,013.85. The firm has a market cap of £29.44 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44.

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.