Prudential (LON:PRU) Receives Buy Rating from Bank of America

Bank of America reiterated their buy rating on shares of Prudential (LON:PRU) in a research note released on Thursday,Digital Look reports. They currently have a GBX 1,000 ($12.97) price objective on the financial services provider’s stock.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 950 ($12.32) price objective on shares of Prudential in a research note on Thursday. Five equities research 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 ($15.40).

Prudential Trading Up 2.9 %

LON:PRU opened at GBX 796.80 ($10.33) on Thursday. Prudential has a one year low of GBX 594.80 ($7.71) and a one year high of GBX 850.68 ($11.03). The company has a market cap of £26.22 billion, a PE ratio of 39.80, a PEG ratio of 0.40 and a beta of 1.20. 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 firm has a 50-day moving average of GBX 698.63 and a 200-day moving average of GBX 666.24.

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).