Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Prudential (LON:PRU) Stock

Prudential (LON:PRU) had its price target upped by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,355 to GBX 1,440 in a research note issued to investors on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 35.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup upped their price objective on shares of Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. increased their price target on shares of Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,319.17.

Prudential Stock Down 0.6%

Prudential stock traded down GBX 6 during midday trading on Thursday, hitting GBX 1,064.50. 608,036,938 shares of the stock were exchanged, compared to its average volume of 26,804,545. The stock has a market capitalization of £26.81 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92. The company has a quick ratio of 0.67, a current ratio of 1.05 and a debt-to-equity ratio of 29.39. The business’s 50-day moving average price is GBX 1,142.52 and its 200-day moving average price is GBX 1,091.60. Prudential has a 52-week low of GBX 678.40 and a 52-week high of GBX 1,238.

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.