Prudential (LON:PRU) Reaches New 1-Year Low – Time to Sell?

Shares of Prudential plc (LON:PRU) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 601.20 ($7.74) and last traded at GBX 603.20 ($7.76), with a volume of 56505047 shares traded. The stock had previously closed at GBX 608 ($7.82).

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,310 ($16.86) price objective on shares of Prudential in a research note on Thursday, September 5th. JPMorgan Chase & Co. decreased their price objective on shares of Prudential from GBX 1,330 ($17.11) to GBX 1,150 ($14.80) and set an “overweight” rating for the company in a research note on Monday, September 2nd.

Prudential Price Performance

The company has a debt-to-equity ratio of 31.72, a current ratio of 1.48 and a quick ratio of 0.67. The stock has a fifty day simple moving average of GBX 656.29 and a 200-day simple moving average of GBX 696.90. The company has a market capitalization of £16.27 billion, a price-to-earnings ratio of 2,533.33, a P/E/G ratio of 0.40 and a beta of 1.20.

Prudential Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th were issued a dividend of $0.07 per share. This represents a yield of 0.78%. The ex-dividend date was Thursday, September 5th. Prudential’s dividend payout ratio (DPR) is presently 7,083.33%.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.