Barclays Boosts Prudential (LON:PRU) Price Target to GBX 1,640

Prudential (LON:PRUFree Report) had its price target upped by Barclays from GBX 1,610 ($20.18) to GBX 1,640 ($20.56) in a research note released on Tuesday, Marketbeat reports. Barclays currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages also recently commented on PRU. Deutsche Bank Aktiengesellschaft cut their target price on shares of Prudential from GBX 1,420 ($17.80) to GBX 1,400 ($17.55) and set a buy rating on the stock in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,500 ($18.80) target price on shares of Prudential in a research note on Monday, November 6th.

View Our Latest Research Report on Prudential

Prudential Stock Performance

LON:PRU opened at GBX 818.20 ($10.26) on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.54 and a debt-to-equity ratio of 31.01. The company has a market cap of £22.50 billion, a P/E ratio of 826.46, a P/E/G ratio of 0.37 and a beta of 1.29. Prudential has a fifty-two week low of GBX 767.80 ($9.63) and a fifty-two week high of GBX 1,330.50 ($16.68). The firm’s 50 day moving average is GBX 845.25 and its two-hundred day moving average is GBX 899.74.

Insider Buying and Selling

In related news, insider Ming Lu acquired 5,600 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of GBX 879 ($11.02) per share, with a total value of £49,224 ($61,707.41). 0.39% of the stock is currently owned by insiders.

Prudential Company Profile

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Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.

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