Prudential (PRU)

Sector:

Insurance

Index:

FTSE 100

743.00p
   
  • Change Today:
    -12.80p
  • 52 Week High: 1,211.50
  • 52 Week Low: 739.80
  • Currency: UK Pounds
  • Shares Issued: 2,749.67m
  • Volume: 7,286,380
  • Market Cap: £20,430m
  • RiskGrade: 188

JP Morgan raises target price on Prudential

By Iain Gilbert

Date: Friday 23 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan raised their target price from insurance firm Prudential from £13.80 per share to £14.50 on Friday to reflect foreign exchange movements and a roll-forward of its valuation.
JP Morgan stated that given the arrival of Prudential's chief executive-elect, Anil Wadhwani, in February 2023, it had taken some time to consider key investor debates on the financial and strategic priorities for the group.

In JPM's view, a new CEO provides an "opportunity" to address a number of debates, which it feels will be "positive" for the stock.

"It may take time for the new CEO to define a new strategic vision, but investor feedback suggests that there are key topics to address as priorities," said the analysts, who stood by their 'overweight' rating on the stock.

"We are raising our Feb-24 target price to £14.50 (from £13.80), reflecting FX movements and a roll-forward of our valuation. In our view, at ~0.7x 2022E EV, Prudential trades at a deep discount to its fundamental value and nearest peer, AIA Group (on ~1.5x), reflecting investor concern over growth, capital and other frictional factors."





Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Prudential Market Data

Currency UK Pounds
Share Price 743.00p
Change Today -12.80p
% Change -1.69 %
52 Week High 1,211.50
52 Week Low 739.80
Volume 7,286,380
Shares Issued 2,749.67m
Market Cap £20,430m
RiskGrade 188

Prudential Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.62% below the market average38.62% below the market average38.62% below the market average38.62% below the market average38.62% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
50.4% below the market average50.4% below the market average50.4% below the market average50.4% below the market average50.4% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
41.49% below the market average41.49% below the market average41.49% below the market average41.49% below the market average41.49% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
73.35% below the market average73.35% below the market average73.35% below the market average73.35% below the market average73.35% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 2
Sell 0
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Prudential Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 28-Mar-24 07-Sep-23
Paid 16-May-24 19-Oct-23
Amount 14.21¢ 6.26¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:41 363 @ 742.07p
17:25 712 @ 743.00p
17:19 493 @ 744.42p
16:39 8,588 @ 743.00p
16:39 5,353 @ 743.00p

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