Prudential plc (LON:PRU - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 683.40 ($8.94) and traded as high as GBX 773.20 ($10.12). Prudential shares last traded at GBX 727.40 ($9.52), with a volume of 11,843,010 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 950 ($12.43) price objective on shares of Prudential in a research report on Thursday, March 20th. Bank of America reiterated a "buy" rating and issued a GBX 1,000 ($13.08) price target on shares of Prudential in a report on Thursday, March 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 1,188 ($15.54).
View Our Latest Stock Report on Prudential
Prudential Stock Performance
The business has a 50-day moving average of GBX 745.77 and a two-hundred day moving average of GBX 683.73. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The company has a market cap of £24.08 billion, a P/E ratio of 36.56, a P/E/G ratio of 0.40 and a beta of 1.20.
Prudential Increases Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, March 27th will be paid a dividend of $0.16 per share. This represents a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Prudential's previous dividend of $0.07. Prudential's payout ratio is 84.92%.
About Prudential
(
Get Free Report)
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).
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