Prudential (LON:PRU) Given “Buy” Rating at Bank of America

Bank of America restated their buy rating on shares of Prudential (LON:PRU) in a report published on Thursday,Digital Look reports. Bank of America currently has a GBX 1,000 ($12.97) price target on the financial services provider’s stock.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 950 ($12.32) price target on shares of Prudential in a research note on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Prudential presently has an average rating of “Buy” and an average target price of GBX 1,188 ($15.40).

Prudential Price Performance

Shares of LON PRU opened at GBX 796.80 ($10.33) on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. The stock has a fifty day simple moving average of GBX 698.63 and a two-hundred day simple moving average of GBX 666.24. Prudential has a 1-year low of GBX 594.80 ($7.71) and a 1-year high of GBX 850.68 ($11.03). The firm has a market cap of £26.22 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

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).