Prudential (LON:PRU) Given “Overweight” Rating at Barclays

Barclays reissued their overweight rating on shares of Prudential (LON:PRU) in a research note released on Tuesday, MarketBeat reports. Barclays currently has a GBX 1,390 ($17.17) price target on the financial services provider’s stock.

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

Prudential Price Performance

PRU stock opened at GBX 746.60 ($9.22) on Tuesday. The company has a debt-to-equity ratio of 31.08, a current ratio of 2.02 and a quick ratio of 0.67. The firm has a market capitalization of £20.53 billion, a P/E ratio of 1,515.51, a P/E/G ratio of 0.40 and a beta of 1.26. The business’s 50-day moving average is GBX 764.59 and its two-hundred day moving average is GBX 827.16. Prudential has a 1 year low of GBX 684.73 ($8.46) and a 1 year high of GBX 1,234 ($15.24).

Prudential Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, March 28th will be issued a $0.14 dividend. The ex-dividend date is Thursday, March 28th. This represents a dividend yield of 1.43%. This is an increase from Prudential’s previous dividend of $0.06. Prudential’s dividend payout ratio is presently 3,265.31%.

Insider Activity

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

About Prudential

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.