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 note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 1,150 ($15.44) price objective on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 25.08% from the stock’s previous close.

Separately, Bank of America restated a “buy” rating and set a GBX 1,000 ($13.43) price target on shares of Prudential in a report on Thursday, March 20th.

Prudential Trading Up 0.5%

Shares of LON PRU opened at GBX 919.40 ($12.35) on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. Prudential has a one year low of GBX 594.80 ($7.99) and a one year high of GBX 942.40 ($12.65). The business has a 50-day moving average price of GBX 885.02 and a two-hundred day moving average price of GBX 782.23. The firm has a market capitalization of £30.25 billion, a PE ratio of 45.93, a PEG ratio of 0.40 and a beta of 1.20.

Insider Transactions at Prudential

In other news, insider George David Sartorel bought 1,000 shares of the company’s stock in a transaction on Thursday, June 19th. The shares were bought at an average cost of GBX 879 ($11.80) per share, with a total value of £8,790 ($11,803.41). Insiders own 0.29% of the company’s stock.

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).