Barclays Reaffirms “Overweight” Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 1,390 ($17.17) price objective on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 87.18% from the company’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($22.23) price target on shares of Prudential in a report on Wednesday, March 20th.

Prudential Trading Up 1.0 %

Shares of LON PRU traded up GBX 7.20 ($0.09) during midday trading on Tuesday, reaching GBX 742.60 ($9.17). 4,769,528 shares of the stock were exchanged, compared to its average volume of 8,686,316. The company has a market capitalization of £20.42 billion, a P/E ratio of 1,515.51, a P/E/G ratio of 0.40 and a beta of 1.26. Prudential has a 52-week low of GBX 684.73 ($8.46) and a 52-week high of GBX 1,234 ($15.24). The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. The stock has a 50 day moving average price of GBX 765.55 and a 200-day moving average price of GBX 828.04.

Insider Buying and Selling

In other Prudential news, insider Anil Wadhwani acquired 57,435 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of GBX 753 ($9.30) per share, for a total transaction of £432,485.55 ($534,196.58). Corporate insiders own 0.43% of the company’s stock.

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.