Prudential (LON:PRU) Reaches New 12-Month High – What’s Next?

Shares of Prudential plc (LON:PRU) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 904.80 ($12.26) and last traded at GBX 904.40 ($12.25), with a volume of 69922641 shares. The stock had previously closed at GBX 887.60 ($12.03).

Analyst Ratings Changes

A number of brokerages have issued reports on PRU. Bank of America reiterated a “buy” rating and set a GBX 1,000 ($13.55) price target on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,000 ($13.55) price target on shares of Prudential in a research report on Monday, May 19th.

Prudential Stock Performance

The firm has a 50-day moving average price of GBX 822.64 and a 200 day moving average price of GBX 739.47. The firm has a market capitalization of £29.75 billion, a PE ratio of 45.17, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44.

Prudential Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, March 27th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Prudential’s previous dividend of $0.07. This represents a yield of 1.58%. Prudential’s dividend payout ratio (DPR) is 84.92%.

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).