JPMorgan Chase & Co. Boosts Prudential (LON:PRU) Price Target to GBX 1,480

Prudential (LON:PRU) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 1,450 to GBX 1,480 in a report released on Wednesday,Digital Look reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 31.50% from the stock’s previous close.

A number of other research analysts have also weighed in on PRU. Deutsche Bank Aktiengesellschaft upped their price objective on Prudential from GBX 1,355 to GBX 1,440 and gave the stock a “buy” rating in a report on Thursday, March 19th. Citigroup upped their target price on Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a report on Monday, February 2nd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,379.

Prudential Stock Up 0.7%

PRU stock traded up GBX 8.19 on Wednesday, reaching GBX 1,125.50. 21,980,605 shares of the company’s stock were exchanged, compared to its average volume of 19,479,785. The stock has a fifty day moving average of GBX 1,096.07 and a 200-day moving average of GBX 1,104.42. Prudential has a twelve month low of GBX 773.40 and a twelve month high of GBX 1,238. The firm has a market cap of £28.25 billion, a PE ratio of 7.33, a P/E/G ratio of 0.40 and a beta of 0.90.

Insider Activity at Prudential

In related news, insider Anil Wadhwani acquired 37 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average price of GBX 1,127 per share, with a total value of £416.99. 0.48% of the stock is currently owned by insiders.

Prudential Company Profile

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.