Prudential (LON:PRU) Sets New 1-Year Low – What’s Next?

Shares of Prudential plc (LON:PRU) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 497.87 ($6.50) and last traded at GBX 654.83 ($8.55), with a volume of 8825195 shares trading hands. The stock had previously closed at GBX 663.80 ($8.67).

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,290 ($16.85) price target on shares of Prudential in a research note on Tuesday, June 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,310 ($17.11) price target on shares of Prudential in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut their price target on Prudential from GBX 1,330 ($17.37) to GBX 1,150 ($15.02) and set an “overweight” rating for the company in a research note on Monday, September 2nd.

Prudential Trading Up 2.8 %

The company has a 50 day simple moving average of GBX 655.79 and a 200 day simple moving average of GBX 705.82. The company has a debt-to-equity ratio of 31.72, a quick ratio of 0.67 and a current ratio of 1.48. The company has a market capitalization of £18.11 billion, a PE ratio of 2,805.83, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Prudential Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 0.78%. Prudential’s dividend payout ratio (DPR) is currently 7,083.33%.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.