Prudential (LON:PRU) Rating Reiterated by Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Prudential (LON:PRU) in a report published on Thursday, Marketbeat reports. They currently have a GBX 1,310 ($17.23) price target on the financial services provider’s stock.

Several other brokerages have also recently issued reports on PRU. JPMorgan Chase & Co. lowered their target price on shares of Prudential from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) and set an overweight rating for the company in a report on Monday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 1,290 ($16.96) price target on shares of Prudential in a research note on Tuesday, June 25th.

Prudential Trading Down 2.1 %

Shares of Prudential stock opened at GBX 620 ($8.15) on Thursday. The company has a fifty day simple moving average of GBX 677.14 and a 200-day simple moving average of GBX 728.33. Prudential has a 12-month low of GBX 613.60 ($8.07) and a 12-month high of GBX 954.80 ($12.55). The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. The stock has a market cap of £16.93 billion, a price-to-earnings ratio of 2,583.33, a PEG ratio of 0.67 and a beta of 1.25.

Prudential Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be paid a dividend of $0.07 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 5th. Prudential’s dividend payout ratio is currently 7,083.33%.

Insider Buying and Selling

In other news, insider Amy Yip acquired 4,222 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). In other news, insider Amy Yip acquired 4,222 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). Also, insider George David Sartorel acquired 8,000 shares of the business’s stock in a transaction on Thursday, July 4th. The shares were purchased at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). 0.29% of the stock is owned by company insiders.

About Prudential

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.