Citigroup Issues Positive Forecast for Prudential (LON:PRU) Stock Price

Prudential (LON:PRU) had its target price lifted by Citigroup from GBX 1,122 to GBX 1,425 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the financial services provider’s stock.

Separately, JPMorgan Chase & Co. upped their target price on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,295.

Prudential Stock Up 0.9%

Shares of LON:PRU opened at GBX 1,206 on Monday. Prudential has a 52-week low of GBX 653.40 and a 52-week high of GBX 1,219.50. The company has a market capitalization of £30.52 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. 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 company has a fifty day moving average of GBX 1,142.02 and a 200-day moving average of GBX 1,056.57.

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.