Prudential’s (PRU) “Buy” Rating Reiterated at Bank of America

Bank of America reiterated their buy rating on shares of Prudential (LON:PRU) in a report published on Thursday,Digital Look reports. They currently have a GBX 1,000 ($12.91) price objective on the financial services provider’s stock.

Separately, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 950 ($12.27) price target on shares of Prudential in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Prudential currently has a consensus rating of “Buy” and an average price target of GBX 1,188 ($15.34).

Prudential Stock Up 0.2 %

PRU stock opened at GBX 798.20 ($10.31) on Thursday. Prudential has a 52-week low of GBX 594.80 ($7.68) and a 52-week high of GBX 850.68 ($10.98). The company’s 50 day simple moving average is GBX 702.54 and its 200-day simple moving average is GBX 667.09. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The firm has a market capitalization of £26.26 billion, a P/E ratio of 39.87, a P/E/G ratio of 0.40 and a beta of 1.20.

Prudential Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, March 27th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Prudential’s previous dividend of $0.07. This represents a yield of 1.58%. Prudential’s payout ratio is presently 84.92%.

About Prudential

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).