Citigroup Forecasts Strong Price Appreciation for Prudential (LON:PRU) Stock

Prudential (LON:PRU) had its price objective upped by equities research analysts at Citigroup from GBX 1,122 to GBX 1,425 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price objective would suggest a potential upside of 17.22% from the company’s current price.

Separately, JPMorgan Chase & Co. upped their target price on shares of Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Prudential has an average rating of “Buy” and a consensus price target of GBX 1,295.

Prudential Stock Performance

Shares of Prudential stock opened at GBX 1,215.70 on Monday. Prudential has a 1 year low of GBX 653.40 and a 1 year high of GBX 1,237. The firm’s 50-day moving average is GBX 1,145.13 and its 200 day moving average is GBX 1,058.65. The stock has a market cap of £30.76 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67.

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.