Bank of America Reiterates “Buy” Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by Bank of America in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 1,000 ($12.91) price objective on the financial services provider’s stock. Bank of America‘s price objective would suggest a potential upside of 25.28% from the stock’s current price.

Separately, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 950 ($12.27) target price on shares of Prudential in a research report on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Prudential currently has a consensus rating of “Buy” and a consensus price target of GBX 1,188 ($15.34).

Prudential Price Performance

LON:PRU opened at GBX 798.20 ($10.31) on Thursday. Prudential has a 52 week low of GBX 594.80 ($7.68) and a 52 week high of GBX 850.68 ($10.98). The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The company has a market capitalization of £26.26 billion, a P/E ratio of 39.87, a P/E/G ratio of 0.40 and a beta of 1.20. The stock’s fifty day moving average is GBX 702.54 and its two-hundred day moving average is GBX 667.09.

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).