JPMorgan Chase & Co. Reiterates “Overweight” Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Monday, Marketbeat.com reports. They currently have a GBX 1,000 ($13.39) price objective on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.82% from the stock’s current price.

Separately, Bank of America reissued a “buy” rating and issued a GBX 1,000 ($13.39) price target on shares of Prudential in a research report on Thursday, March 20th.

Prudential Stock Down 0.3%

Shares of LON PRU opened at GBX 863.43 ($11.56) on Monday. The company has a market capitalization of £28.41 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.40 and a beta of 1.20. 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 50 day simple moving average of GBX 799.89 and a 200-day simple moving average of GBX 711.66. Prudential has a 1 year low of GBX 594.80 ($7.97) and a 1 year high of GBX 886 ($11.87).

About Prudential

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).