Prudential (LON:PRU) Earns “Overweight” Rating from JPMorgan Chase & Co.

Prudential (LON:PRU)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 950 ($12.36) price target on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 20.23% from the company’s previous close.

Prudential Trading Up 2.1 %

Shares of LON PRU traded up GBX 15.94 ($0.21) during midday trading on Thursday, reaching GBX 790.14 ($10.28). 60,502,770 shares of the stock were exchanged, compared to its average volume of 8,942,846. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. Prudential has a 12 month low of GBX 594.80 ($7.74) and a 12 month high of GBX 850.68 ($11.07). The business has a 50-day simple moving average of GBX 695.11 and a two-hundred day simple moving average of GBX 665.33. The company has a market capitalization of £26.00 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 0.40 and a beta of 1.20.

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).