Prudential (LON:PRU) Reaches New 52-Week High – Time to Buy?

Prudential plc (LON:PRU)’s stock price hit a new 52-week high on Thursday . The stock traded as high as GBX 1,219.50 and last traded at GBX 1,202.51, with a volume of 7929005 shares. The stock had previously closed at GBX 1,199.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Prudential from GBX 1,325 to GBX 1,500 and gave the company an “overweight” rating in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,234.40.

Prudential Trading Up 0.3%

The business’s 50 day simple moving average is GBX 1,132.63 and its 200 day simple moving average is GBX 1,049.75. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The company has a market capitalization of £30.43 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.