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

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by Bank of America in a report released on Thursday,Digital Look reports. They presently have a GBX 1,000 ($13.01) price target on the financial services provider’s stock. Bank of America‘s target price would suggest a potential upside of 25.50% from the stock’s current price.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 950 ($12.36) target price 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.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,188 ($15.45).

Prudential Stock Performance

LON PRU traded up GBX 22.60 ($0.29) during trading hours on Thursday, hitting GBX 796.80 ($10.37). 9,430,417 shares of the stock were exchanged, compared to its average volume of 8,030,839. Prudential has a 12-month low of GBX 594.80 ($7.74) and a 12-month high of GBX 850.68 ($11.07). The stock has a 50-day moving average of GBX 695.11 and a 200 day moving average of GBX 665.33. The company has a market cap of £26.22 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44.

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).