George David Sartorel Acquires 8,000 Shares of Prudential plc (LON:PRU) Stock

Prudential plc (LON:PRU) insider George David Sartorel purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, July 4th. The stock was acquired at an average cost of GBX 725 ($9.29) per share, with a total value of £58,000 ($74,292.30).

Prudential Price Performance

LON PRU opened at GBX 715.20 ($9.16) on Wednesday. Prudential plc has a 1-year low of GBX 684.73 ($8.77) and a 1-year high of GBX 1,102.50 ($14.12). The business’s fifty day moving average price is GBX 746.24 and its 200-day moving average price is GBX 774.73. The company has a debt-to-equity ratio of 31.08, a current ratio of 2.02 and a quick ratio of 0.67. The stock has a market capitalization of £19.67 billion, a price-to-earnings ratio of 1,461.22, a PEG ratio of 0.81 and a beta of 1.26.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 1,390 ($17.80) target price on shares of Prudential in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,290 ($16.52) price objective on shares of Prudential in a report on Tuesday, June 25th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($23.06) target price on shares of Prudential in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,350 ($17.29) target price on shares of Prudential in a research note on Monday, June 24th.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.