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

Exane downgrades Prudential to 'underperform'

By Michele Maatouk

Date: Thursday 05 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Exane downgraded Prudential on Thursday to 'underperform' from 'neutral' as it said the investment case is about "jam tomorrow, not jam today".
Investors should reward this through a lower yield, Exane said. It noted that the capital generation from the in-force book has been growing at around 8% a year and said it thinks there's approximately $4bn of capacity for M&A.

"But this is not, in our view, sufficient to justify the low yield implied by the current valuation," Exane said.

"After a strong run in the past few months, and utilising a new valuation approach focused on distribution capacity...we downgrade to underperform."

At 1300 GMT, the shares were down 1.9% at 1,216.50p.

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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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