Prudential (LON:PRU) had its target price lowered by JPMorgan Chase & Co. from GBX 1,425 ($18.75) to GBX 1,031 ($13.56) in a research note published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Credit Suisse Group dropped their target price on shares of Prudential from GBX 1,546 ($20.34) to GBX 1,350 ($17.76) and set an outperform rating for the company in a research report on Thursday, April 9th. Royal Bank of Canada set a GBX 1,490 ($19.60) price objective on shares of Prudential and gave the company a neutral rating in a research note on Thursday, April 2nd. UBS Group set a GBX 1,620 ($21.31) price objective on shares of Prudential and gave the company a buy rating in a research note on Wednesday, April 15th. Barclays dropped their price target on Prudential from GBX 1,749 ($23.01) to GBX 1,463 ($19.24) and set an overweight rating on the stock in a research note on Thursday, April 2nd. Finally, Goldman Sachs Group reiterated a buy rating on shares of Prudential in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Prudential presently has a consensus rating of Buy and a consensus price target of GBX 1,428.50 ($18.79).

LON PRU traded up GBX 45.60 ($0.60) during trading hours on Tuesday, reaching GBX 1,025 ($13.48). The company’s stock had a trading volume of 4,085,961 shares, compared to its average volume of 4,740,000. The stock has a market cap of $25.82 billion and a PE ratio of 33.94. The company has a debt-to-equity ratio of 87.14, a quick ratio of 0.30 and a current ratio of 1.36. The company’s 50-day moving average is GBX 1,000.89 and its two-hundred day moving average is GBX 1,304.43. Prudential has a fifty-two week low of GBX 12.37 ($0.16) and a fifty-two week high of GBX 1,795 ($23.61).

The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, March 26th will be paid a $0.26 dividend. This represents a dividend yield of 1.91%. The ex-dividend date is Thursday, March 26th. Prudential’s dividend payout ratio is 1.26%.

In other Prudential news, insider Mike Wells sold 127,479 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of GBX 1,021 ($13.43), for a total transaction of £1,301,560.59 ($1,712,129.16). Insiders purchased a total of 48 shares of company stock valued at $56,615 over the last ninety days.

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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