Prudential (LON:PRU) Sets New 1-Year Low at $12.37

Prudential plc (LON:PRU) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 12.37 ($0.16) and last traded at GBX 1,366 ($17.85), with a volume of 9354954 shares. The stock had previously closed at GBX 1,506 ($19.68).

A number of brokerages recently issued reports on PRU. Credit Suisse Group reissued an “outperform” rating on shares of Prudential in a report on Thursday, October 17th. Royal Bank of Canada set a GBX 1,750 ($22.87) price objective on Prudential and gave the stock a “neutral” rating in a report on Friday, October 18th. Deutsche Bank cut Prudential to a “hold” rating and dropped their price objective for the stock from GBX 1,750 ($22.87) to GBX 1,450 ($18.95) in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Prudential from GBX 1,627 ($21.26) to GBX 1,606 ($20.99) and set a “neutral” rating on the stock in a report on Tuesday, October 8th. Finally, Citigroup raised Prudential to a “buy” rating in a report on Friday, October 18th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,810.50 ($23.66).

The firm has a market capitalization of $36.09 billion and a P/E ratio of 11.34. The company has a debt-to-equity ratio of 81.74, a quick ratio of 0.04 and a current ratio of 1.04. The business has a 50 day simple moving average of GBX 1,447.91 and a two-hundred day simple moving average of GBX 1,586.52.

The firm also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd were paid a GBX 16.45 ($0.21) dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a yield of 1.15%. Prudential’s dividend payout ratio is currently 0.40%.

In other Prudential news, insider James Turner bought 25,000 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average cost of GBX 1,389 ($18.15) per share, for a total transaction of £347,250 ($453,743.63). Also, insider Fields Wicker-Miurin bought 1,000 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was acquired at an average price of GBX 1,381 ($18.05) per share, for a total transaction of £13,810 ($18,045.21). Insiders acquired a total of 26,025 shares of company stock worth $36,142,741 over the last 90 days.

Prudential Company Profile (LON:PRU)

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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