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

Prudential (LON:PRU)‘s stock had its “buy” rating reissued by Bank of America in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,000 ($12.91) target price on the financial services provider’s stock. Bank of America‘s price objective would suggest a potential upside of 25.28% from the company’s current price.

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 950 ($12.27) price target on shares of Prudential in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,188 ($15.34).

Prudential Stock Performance

Shares of LON:PRU opened at GBX 798.20 ($10.31) on Thursday. 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 business’s 50 day moving average price is GBX 702.54 and its 200-day moving average price is GBX 667.09. The firm has a market capitalization of £26.26 billion, a PE ratio of 39.87, a P/E/G ratio of 0.40 and a beta of 1.20. Prudential has a 1 year low of GBX 594.80 ($7.68) and a 1 year high of GBX 850.68 ($10.98).

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).