JPMorgan Chase & Co. Has Lowered Expectations for Prudential (LON:PRU) Stock Price

Prudential (LON:PRU) had its price objective lowered by research analysts at JPMorgan Chase & Co. from GBX 1,500 to GBX 1,450 in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 39.62% from the company’s previous close.

Several other research firms have also weighed in on PRU. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Prudential from GBX 1,355 to GBX 1,440 and gave the company a “buy” rating in a research report on Thursday, March 19th. Citigroup increased their target price on shares of Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,373.

Prudential Stock Down 1.8%

Shares of PRU stock opened at GBX 1,038.50 on Thursday. The stock has a 50-day simple moving average of GBX 1,127.38 and a 200 day simple moving average of GBX 1,094.91. The stock has a market capitalization of £26.16 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.40 and a beta of 0.92. Prudential has a fifty-two week low of GBX 678.40 and a fifty-two week high of GBX 1,238.

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.