UBS Group Reaffirms Buy Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “buy” rating restated by analysts at UBS Group in a research note issued on Friday, MarketBeat reports. They presently have a GBX 1,200 ($16.26) price objective on the financial services provider’s stock. UBS Group’s price objective suggests a potential upside of 21.48% from the company’s previous close.

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,150 ($15.59) target price on shares of Prudential in a research report on Wednesday, July 16th.

Prudential Price Performance

Shares of LON:PRU opened at GBX 987.80 ($13.39) on Friday. Prudential has a fifty-two week low of GBX 594.80 ($8.06) and a fifty-two week high of GBX 999.60 ($13.55). The business has a 50-day simple moving average of GBX 925.93 and a two-hundred day simple moving average of GBX 829.13. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The firm has a market cap of £32.50 billion, a price-to-earnings ratio of 49.34, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insiders Place Their Bets

In other Prudential news, insider George David Sartorel purchased 1,000 shares of Prudential stock in a transaction dated Thursday, June 19th. The stock was purchased at an average price of GBX 879 ($11.91) per share, with a total value of £8,790 ($11,913.80). Company insiders own 0.29% of the company’s stock.

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).