Prudential (LON:PRU) Sets New 1-Year Low – What’s Next?

Prudential plc (LON:PRU) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 601.20 ($7.74) and last traded at GBX 603.20 ($7.76), with a volume of 56505047 shares trading hands. The stock had previously closed at GBX 608 ($7.82).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Prudential from GBX 1,330 ($17.11) to GBX 1,150 ($14.80) and set an “overweight” rating for the company in a research report on Monday, September 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,310 ($16.86) price objective on shares of Prudential in a report on Thursday, September 5th.

Prudential Stock Performance

The company has a current ratio of 1.48, a quick ratio of 0.67 and a debt-to-equity ratio of 31.72. The company has a market cap of £16.96 billion, a price-to-earnings ratio of 2,626.67, a P/E/G ratio of 0.40 and a beta of 1.20. The stock has a 50 day moving average price of GBX 654.32 and a two-hundred day moving average price of GBX 695.78.

Prudential Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Thursday, September 5th were paid a $0.07 dividend. This represents a yield of 0.78%. The ex-dividend date was Thursday, September 5th. Prudential’s payout ratio is 7,083.33%.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.