JPMorgan Chase & Co. Reiterates Overweight Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 950 ($12.36) price objective on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.23% from the stock’s previous close.

Prudential Price Performance

Prudential stock traded up GBX 15.94 ($0.21) during mid-day trading on Thursday, hitting GBX 790.14 ($10.28). 60,502,770 shares of the company were exchanged, compared to its average volume of 8,942,846. The company has a market capitalization of £26.00 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The business has a fifty day moving average of GBX 695.11 and a 200 day moving average of GBX 665.33. Prudential has a 1-year low of GBX 594.80 ($7.74) and a 1-year high of GBX 850.68 ($11.07). The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44.

About Prudential

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).