JPMorgan Chase & Co. Lowers Prudential (LON:PRU) Price Target to GBX 1,627

Share on StockTwits

Prudential (LON:PRU) had its price target cut by JPMorgan Chase & Co. from GBX 1,761 ($23.01) to GBX 1,627 ($21.26) in a research note published on Monday, Borsen Zeitung reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on the stock. UBS Group restated a buy rating on shares of Prudential in a research note on Thursday, August 15th. Credit Suisse Group restated an outperform rating and issued a GBX 1,845 ($24.11) target price on shares of Prudential in a research note on Friday, June 21st. Morgan Stanley decreased their target price on shares of Prudential from GBX 2,335 ($30.51) to GBX 2,100 ($27.44) and set an overweight rating for the company in a research note on Wednesday, August 21st. Shore Capital restated a buy rating on shares of Prudential in a research note on Thursday, July 4th. Finally, Barclays restated an overweight rating and issued a GBX 2,088 ($27.28) target price on shares of Prudential in a research note on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 1,960.90 ($25.62).

PRU opened at GBX 1,469.50 ($19.20) on Monday. The company has a quick ratio of 0.04, a current ratio of 1.04 and a debt-to-equity ratio of 81.74. Prudential has a 52-week low of GBX 1,299.50 ($16.98) and a 52-week high of GBX 1,819.50 ($23.77). The company has a 50 day moving average of GBX 1,452.60 and a two-hundred day moving average of GBX 1,607.82. The company has a market cap of $38.20 billion and a P/E ratio of 11.90.

The company also recently announced a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 22nd will be paid a GBX 16.45 ($0.21) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.15%. Prudential’s dividend payout ratio (DPR) is presently 0.40%.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

Featured Story: Is it Safe to Invest in Commodities?

Analyst Recommendations for Prudential (LON:PRU)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.