Prudential (LON:PRU) Stock Price Up 0.2% – Should You Buy?

Prudential plc (LON:PRU) shares rose 0.2% on Wednesday . The stock traded as high as GBX 679 ($8.57) and last traded at GBX 672.77 ($8.49). Approximately 10,574,615 shares were traded during trading, a decline of 21% from the average daily volume of 13,307,617 shares. The stock had previously closed at GBX 671.60 ($8.48).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Prudential from GBX 1,330 ($16.79) to GBX 1,150 ($14.51) and set an “overweight” rating for the company in a research report on Monday, September 2nd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,310 ($16.53) price target on shares of Prudential in a report on Thursday, September 5th.

Prudential Trading Down 2.0 %

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 stock has a market cap of £17.47 billion, a P/E ratio of 2,700.00, a P/E/G ratio of 0.40 and a beta of 1.20. The stock has a 50-day moving average price of GBX 655.85 and a 200-day moving average price of GBX 680.62.

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.