Prudential plc (NYSE:PUK – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 582,300 shares, a growth of 55.4% from the August 31st total of 374,700 shares. Based on an average daily trading volume, of 983,500 shares, the short-interest ratio is currently 0.6 days.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on PUK. BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft downgraded Prudential from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a report on Wednesday, August 28th.
Check Out Our Latest Analysis on PUK
Institutional Investors Weigh In On Prudential
Prudential Stock Performance
PUK stock opened at $18.33 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.04 and a debt-to-equity ratio of 0.23. Prudential has a 52-week low of $15.77 and a 52-week high of $23.73. The company has a fifty day moving average price of $17.09 and a 200-day moving average price of $18.34.
Prudential Cuts Dividend
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be issued a dividend of $0.1368 per share. The ex-dividend date of this dividend is Friday, September 6th.
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.
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