Prudential plc (NYSE:PUK) is a stock to watch today. At current price of $34.79, the shares have already lost -1.63 points (-4.48% lower) from its previous close of $36.42. The stock sets an active trading volume day with a reported 239473 contracts so far this session. PUK shares had a relatively better volume day versus average trading capacity of 194.21 thousand shares, but with a 1.29 billion float and a -3.68% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for PUK stock indicates that the average analyst price target is $52.6 per share. This means the stock has a potential increase of 51.19% from where the PUK share price has been trading recently which is between $35.57 and $36.78. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $34.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Jackson Reports First Half 2019 Financial Results1” and dated August 14, 2019.
During the recent trading session for Prudential plc (NYSE:PUK), the company witnessed their stock drop by $-2.58 over a week and tumble down $-8.71 from the price 20 days ago. When compared to their established 52-week high of $47.63, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/26/18. The recent low of $33.31 stood for a -26.96% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.43 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Prudential plc, the two-week RSI stands at 23.4. This figure suggests that PUK stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current PUK readings is similarly very revealing as it has a stochastic reading of 5.04% at this stage. This figure means that PUK share price today is being overbought.
Technical chart claims that Prudential plc (PUK) would settle between $36.94/share to $37.47/share level. However, if the stock price goes below the $35.73 mark, then the market for Prudential plc becomes much weaker. If that happens, the stock price might even plunge as low as $35.05 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.25. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Citigroup raised their recommendation on shares of PUK from Neutral to Buy in their opinion released on June 10. Evercore ISI analysts bumped their rating on Prudential plc (NYSE:PUK) stock from In-line to Outperform in a separate flash note issued to investors on January 09. Analysts at Societe Generale lowered the stock to a Sell call from its previous Hold recommendation, in a research note that dated back to January 08.
PUK equity has an average rating of 1, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Prudential plc (NYSE:PUK) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, PUK stock price is currently trading at 8.57X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.74 while for the average stock in the same group, the multiple is 1.15. Prudential plc current P/E ratio of 14.45 means it is trading at a discount against its industry’s 14.88. In the past 5 years, this ratio for the stock has been fluctuating between 11.86 and 21.51.