Prudential’s (PRU) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Prudential (LON:PRU) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 950 ($12.27) price target on the financial services provider’s stock.

Prudential Price Performance

PRU opened at GBX 798.20 ($10.31) on Thursday. Prudential has a twelve month low of GBX 594.80 ($7.68) and a twelve month high of GBX 850.68 ($10.98). The firm has a market cap of £26.26 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 0.40 and a beta of 1.20. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. The company has a fifty day simple moving average of GBX 702.54 and a 200 day simple moving average of GBX 667.09.

Prudential Increases Dividend

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

Prudential Company Profile

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).