Prudential (LON:PRU) Price Target Lowered to GBX 1,150 at JPMorgan Chase & Co.

Prudential (LON:PRU) had its price target reduced by JPMorgan Chase & Co. from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) in a research report released on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

Separately, Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 1,290 ($16.96) price objective on shares of Prudential in a research note on Tuesday, June 25th.

Prudential Trading Down 0.1 %

PRU opened at GBX 651.40 ($8.57) on Monday. The firm has a market capitalization of £17.78 billion, a P/E ratio of 2,699.17, a P/E/G ratio of 0.67 and a beta of 1.25. The firm’s 50 day moving average is GBX 687.24 and its 200-day moving average is GBX 733.72. Prudential has a 52-week low of GBX 613.60 ($8.07) and a 52-week high of GBX 988.88 ($13.00). The company has a quick ratio of 0.67, a current ratio of 2.02 and a debt-to-equity ratio of 31.08.

Prudential Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 0.78%. Prudential’s dividend payout ratio (DPR) is presently 7,083.33%.

Insider Buying and Selling

In related news, insider Amy Yip purchased 4,222 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average price of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). In other Prudential news, insider George David Sartorel acquired 8,000 shares of the firm’s stock in a transaction on Thursday, July 4th. The stock was purchased at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). Also, insider Amy Yip acquired 4,222 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was acquired at an average cost of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). Insiders own 0.29% 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.