Deutsche Bank reaffirmed their buy rating on shares of Prudential (LON:PRU) in a research report released on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 1,480 ($19.47) target price on the financial services provider’s stock, down from their previous target price of GBX 1,600 ($21.05).
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reissued a sector performer rating and issued a GBX 1,490 ($19.60) target price on shares of Prudential in a research note on Friday, March 20th. Bank of America cut their price target on Prudential from GBX 1,550 ($20.39) to GBX 1,540 ($20.26) and set a buy rating on the stock in a research note on Thursday, December 12th. Citigroup reiterated a buy rating on shares of Prudential in a report on Wednesday, February 26th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,425 ($18.75) price objective on shares of Prudential in a research report on Monday, March 9th. Finally, Barclays reiterated a buy rating and issued a GBX 1,749 ($23.01) price objective on shares of Prudential in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 1,588 ($20.89).
LON:PRU opened at GBX 1,000.53 ($13.16) on Monday. The stock’s fifty day moving average price is GBX 1,217.31 and its two-hundred day moving average price is GBX 1,360.33. Prudential has a 52-week low of GBX 12.37 ($0.16) and a 52-week high of GBX 1,795 ($23.61). The company has a debt-to-equity ratio of 87.14, a quick ratio of 0.36 and a current ratio of 0.92. The company has a market cap of $26.03 billion and a price-to-earnings ratio of 33.13.
The business also recently declared a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, March 26th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a dividend yield of 1.91%. Prudential’s dividend payout ratio is currently 1.19%.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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