Prudential Spread Betting
Where Can I Spread Bet on Prudential?
At the moment, investors can spread bet on Prudential through an account with any of these providers:
|Broker Ratings - Sponsored by IG
Prudential Broker Ratings
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Prudential:
|20-Oct-14 ||Buy ||Based on last 5 Ratings ||1348.5 ||1681 ||24.63%|
A look at the latest Prudential broker ratings:
|20-Oct-14||Outperform||Sanford C. Bernstein & Co||1348.5||1718.85||27.50%|
|15-Oct-14||Outperform||RBC Capital Markets||1378.5||1630||18.20%|
|14-Oct-14||Buy||Panmure Gordon & Co Limited||1365||1638||20.00%|
|02-Oct-14||Outperform||Sanford C. Bernstein & Co||1354.5||1709.61||26.20%|
|29-Sep-14||Outperform||Sanford C. Bernstein & Co||1408.5||1706.72||21.20%|
|04-Sep-14||Outperform||Sanford C. Bernstein & Co||1460.5||1685.45||15.40%|
|22-Aug-14||Underperform||Exane BNP Paribas||1437||1173||-18.40%|
|14-Aug-14||Outperform||Sanford C. Bernstein & Co||1416||1663.69||17.50%|
|01-Aug-14||Outperform||Sanford C. Bernstein & Co||1360.5||1491.02||9.60%|
|28-Jul-14||Outperform||Sanford C. Bernstein & Co||1387||1482.26||6.90%|
|08-Jul-14||Outperform||Sanford C. Bernstein & Co||1377.5||1468.29||6.60%|
|02-Jul-14||Outperform||Sanford C. Bernstein & Co||1362.5||1467.05||7.70%|
|18-Jun-14||Underperform||Exane BNP Paribas||1357||1178||-13.20%|
|10-Jun-14||Buy||Oriel Securities Ltd||1375.5||1350||-1.90%|
|06-Jun-14||Outperform||Sanford C. Bernstein & Co||1374.5||1500||9.10%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Prudential?
The live CFD trading chart below will provide you with a useful view of the Prudential share price.
The chart above is from Plus 500 and normally shows the near-term Prudential futures market.
If you want to look at live financial spread betting charts/prices for Prudential, you might require a spread betting account.
In addition, a spreads account will let you have access to the short-term daily prices. Users should note that opening an account is subject to status and credit checks.
Should your account application be accepted then, when you log on, you will be able to analyse the real time trading charts and prices. Usually, these are free, however, you will probably get an occasional letter and/or sales call from your chosen spread trading broker.
If you want to trade, be aware that financial spread betting and contracts for difference involve a significant level of risk to your capital and it's possible to lose more than your initial deposit.
See below for more on advanced Prudential charts.
Prudential Analysis & News
Prudential Share Price Update:
The shares are trading above the 20 day moving average of 1373.7p and above the 50 day moving average of 1403.9p.
- Current Price(i): 1443.0p
- Closing Price: 1429.5p
- 1 Day Change: Up 1.30%
- 5 Day Change: Up 4.27%
Long-Term PRU.L Data
Price data from Google Finance. Also see Live PRU.L Share Price & Charts and About Prudential for more information.
- 52 Week High: 1472.5p
- 52 Week Low: 1192.0p
- EPS(i): £0.83
- PE Ratio(i): 17.31
- Volume / Average Volume(i): 0.116m / 4.563m
- Market Cap(i): £37,036m
- Shares Outstanding(i): 2,567m
Update by Jenna Cutly, Editor,
||[7:40am] Prudential shares rose through the 50-DMA (+1.83% to 1416p)
||[7:26am] Prudential moved below the 50-DMA (-1.21% to 1391p)
||[7:29am] Prudential rose above the 50DMA (+1.92% to 1408p)
||[10:28am] Prudential +1.38%
Life Insurance Company Prudential has today revealed an “aggressive” growth plan. The firm has said it expects a 15% annual pretax IFRS operating profit growth up to 2017. The company is also on track to double 2009 Asia new business profits by 2013 and has now met five out of six of their 2013 objectives.
Update by Sam Fox, Trader,
||[9:46am] Prudential +2.1%
On Thursday Prudential PLC reported a 12% rise in new business profit for the first nine months of the year, led by strong gains in its Asian division.
The UK's biggest insurer by market value said new business profit rose to £1.95bn across the group in the nine months to 30 Sep, up from £1.74bn in the same period a year earlier.
New business profit from Asia rose 20%, compared with 11% growth in the US and a 10% decline in the UK. The company attributed the decline in the UK to lower sales of annuities.
Update by Lee Mumford, Trader,
||[11:02am] Prudential +2.97%
The life insurance and financial services company has led the FTSE 100 higher following an upbeat statement overnight from Asian rival AIA. With Prudential having a strong exposure to the company, AIA reported record quarterly results and said its new business rose by 26%. The insurance sector was also helped by reports that an EU capital requirement could be eased compared to the initial version sought by regulators.
Update by Max Cohen, Trader,
||[10:47am] Prudential -0.58%
Prudential Financial has lost its appeal to shed greater government oversight, after regulators made a final decision that the insurer is one of a group of financial companies so big that they could threaten the financial system if they were to fail.
Prudential said Thursday that after a hearing and final vote, the Financial Stability Oversight Council maintains that the company is “systemically important” and therefore subject to stricter scrutiny. That could include requirements to boost its cash cushion against losses, limit its use of borrowed money and submit to inspections by examiners. It also will be under Federal Reserve supervision.
Update by Max Cohen, Trader,
||[10:11am] Prudential +1.43%
Analysts at Deutsche Bank boosted their price target on shares of Prudential plc from $19.40 to $20.18 in a research report issued to clients and investors today. The firm currently has a 'buy' rating on the stock. Deutsche Bank's price target would suggest a potential upside of 15.08% from the stock's previous close.
Update by Max Cohen, Trader,
Technical Charting Packages for Prudential Shares
Despite the fact that charts vary between platforms, they usually come with user friendly tools that include:
The charts on Inter Trader also have more advanced aspects like:
- A range of intervals, for example, 2 minutes, 30 minutes, 4 hours etc
- A variety of display styles, for example, line and candlestick charts
- Tools for adding features, for example, Fibonacci Fans, Time Zones and Arcs
Example share trading chart from FinancialSpreads.com
- Customisable Indicators and BackTesting
- Chart overlays, for example, Parabolic SAR, Ichimoku Kinko Hyo, Wilder's Smoothing etc
- Secondary technical charts, for example, ADX, Stochastics, Aroon etc
- Automatic alerts that trigger when a market hits a pre-set price
The spread trading brokers in the list below offer their clients live charts and prices:
Where Can I Spread Bet on Prudential for Free?
Speculating is never risk free, but if you'd like to open a free Test Account, where you can try financial spread betting on a large range of markets, see below for more details.
When thinking about which trading option might work for you, don't forget that, in the UK, spread betting is currently tax free*, i.e. it is exempt from capital gains tax, income tax and stamp duty.
If you are interested in a free spread trading site then note that you are able to speculate on Prudential with zero commissions and no brokers' fees through companies like:
If you want to have a look at an entirely free Test Account / Demo Account that allows you to trial online spread betting, and speculating on markets like Prudential, then take a look at:
Each of the companies listed above currently offer a free Practice Account which investors can use to gain experience with a range of trading orders, study charts and test new ideas.
How to Spread Bet on Prudential?
Should you want to invest in UK listed companies like Prudential then one option could be to spread trade on the Prudential share price.
Looking at a site like Inter Trader, you can see that they have put the Prudential Rolling Daily market at 1159.4p - 1161.6p. As a result, you can put a spread bet on the Prudential share price:
Going higher than 1161.6p, or
Going lower than 1159.4p
Whilst spread betting on UK shares you trade in £x per penny. Therefore, should you decide to invest £4 per penny and the Prudential share price moves 33p then that would alter your bottom line by £132. £4 per penny x 33p = £132.
Rolling Daily Equities Markets
You should note that this is a Rolling Daily Market which means that unlike a futures market, there is no settlement date. If you leave your trade open at the end of the day, it will stay open and roll over into the next day.
If your bet is rolled over and you are speculating that the market will:
Rise - then you will usually be charged a small overnight financing fee, or
Fall - then a small payment is normally credited to your account
For a more detailed example see Rolling Daily Spread Betting.
Prudential Rolling Daily - Shares Spread Betting Example
Now, if you think about the spread of 1159.4p - 1161.6p and make the assumptions that:
Then you might choose to buy a spread bet at 1161.6p for a stake of £3 per penny.
- You've completed your analysis of the shares, and
- You think that the Prudential shares will push higher than 1161.6p
With such a bet you make a profit of £3 for every penny that the Prudential shares increase and move above 1161.6p. Nevertheless, such a bet also means that you will make a loss of £3 for every penny that the Prudential market falls below 1161.6p.
Looking at this from another angle, should you buy a spread bet then your profits (or losses) are calculated by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that price difference by your stake.
If after a few sessions the shares moved higher then you might want to close your trade so that you can lock in your profit.
Taking this a step further, if the market rose then the spread, set by the spread betting company, could change to 1201.1p - 1203.3p. In order to close/settle your position you would sell at 1201.1p. Therefore, with the same £3 stake you would make:
Profit = (Final Price - Opening Price) x stake
Profit = (1201.1p - 1161.6p) x £3 per penny stake
Profit = 39.5p x £3 per penny stake
Profit = £118.50 profit
Speculating on equities is not always simple. In the above example, you had bet that the share price would rise. Of course, it can also fall.
If the Prudential stock had started to fall then you could choose to close your position to stop any further losses.
So if the market dropped to 1126.8p - 1129.0p then this means you would close your spread bet by selling at 1126.8p. Therefore, you would make a loss of:
Loss = (Final Price - Opening Price) x stake
Loss = (1126.8p - 1161.6p) x £3 per penny stake
Loss = -34.8p x £3 per penny stake
Loss = -£104.40 loss
Note: Prudential Rolling Daily spread taken as of 15-Mar-13.
Prudential Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Prudential with
'Prudential Spread Betting' edited by Jenna Cutly, updated 31-Oct-14
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