Bank of America Reiterates "Buy" Rating for Prudential (LON:PRU)

Prudential (LON:PRU - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Bank of America in a research note issued on Thursday,Digital Look reports. They currently have a GBX 1,000 ($12.91) target price on the financial services provider's stock. Bank of America's target price points to a potential upside of 22.07% from the company's current price.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 950 ($12.27) price target on shares of Prudential in a report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 1,188 ($15.34).

Prudential Price Performance

Shares of PRU traded up GBX 21 ($0.27) during mid-day trading on Thursday, reaching GBX 819.20 ($10.58). The company had a trading volume of 13,971,556 shares, compared to its average volume of 8,278,970. The company has a market capitalization of £26.95 billion, a price-to-earnings ratio of 40.92, a P/E/G ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The company's 50 day simple moving average is GBX 702.54 and its 200 day simple moving average is GBX 667.09. Prudential has a 1-year low of GBX 594.80 ($7.68) and a 1-year high of GBX 850.68 ($10.99).

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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).