Prudential (LON:PRU) Given New GBX 1,480 Price Target at JPMorgan Chase & Co.

Prudential (LON:PRU) had its price objective raised by JPMorgan Chase & Co. from GBX 1,450 to GBX 1,480 in a research report sent to investors on Wednesday morning,Digital Look reports. They currently have an overweight rating on the financial services provider’s stock.

PRU has been the topic of several other reports. Citigroup increased their price target on Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Prudential from GBX 1,355 to GBX 1,440 and gave the company a “buy” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,379.

Prudential Price Performance

Shares of LON:PRU opened at GBX 1,125.73 on Wednesday. The company has a market cap of £28.26 billion, a P/E ratio of 7.33, a PEG ratio of 0.40 and a beta of 0.90. The stock’s fifty day moving average price is GBX 1,095.37 and its 200-day moving average price is GBX 1,104.57. Prudential has a 1 year low of GBX 773.40 and a 1 year high of GBX 1,238.

Insider Activity at Prudential

In other Prudential news, insider Anil Wadhwani bought 37 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of GBX 1,127 per share, with a total value of £416.99. Corporate insiders own 0.48% 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). 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.