JPMorgan Chase & Co. Trims Prudential (LON:PRU) Target Price to GBX 1,627

Prudential (LON:PRU) had its price target trimmed by JPMorgan Chase & Co. from GBX 1,761 ($23.01) to GBX 1,627 ($21.26) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

PRU has been the topic of a number of other reports. HSBC set a GBX 2,300 ($30.05) price objective on shares of Prudential and gave the company a buy rating in a research note on Monday, June 3rd. Morgan Stanley reduced their price objective on shares of Prudential from GBX 2,335 ($30.51) to GBX 2,100 ($27.44) and set an overweight rating on the stock in a research note on Wednesday, August 21st. Deutsche Bank reaffirmed a buy rating on shares of Prudential in a research note on Tuesday, September 3rd. Shore Capital reaffirmed a buy rating on shares of Prudential in a research note on Thursday, July 4th. Finally, UBS Group reaffirmed a buy rating on shares of Prudential in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 1,960.90 ($25.62).

LON:PRU opened at GBX 1,467 ($19.17) on Monday. The firm’s fifty day moving average is GBX 1,457.21 and its 200-day moving average is GBX 1,608.15. The company has a debt-to-equity ratio of 81.74, a quick ratio of 0.04 and a current ratio of 1.04. Prudential has a 52 week low of GBX 1,299.50 ($16.98) and a 52 week high of GBX 1,819.50 ($23.77). The firm has a market cap of $38.14 billion and a P/E ratio of 11.88.

The business also recently announced a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 22nd will be paid a dividend of GBX 16.45 ($0.21) per share. This represents a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 22nd. Prudential’s dividend payout ratio is presently 0.40%.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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