Prudential Spread Betting
Where Can I Spread Bet on Prudential? |
Currently, investors are able to spread bet with no commissions or brokers' fees on Prudential with a number of companies:
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| 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:
| 11-Apr-13 |  | Sell | Based on last 5 Ratings | 1072 | 927 | -13.51% |
A look at the latest Prudential broker ratings:
| 11-Apr-13 |  | Outperform | Sanford C. Bernstein | 1072 | 1220 | 13.80% | | 27-Mar-13 | | Underperform | Exane BNP Paribas | 1081 | 835 | -22.80% | | 14-Mar-13 | | Underperform | Exane BNP Paribas | 1175 | 745 | -36.60% | | 11-Mar-13 | | Underweight | JPMorgan | 1021 | 781 | -23.50% | | 27-Feb-13 | | Outperform | Sanford C. Bernstein | 957.5 | 1055 | 10.20% | | 21-Jan-13 | | Outperform | Sanford C. Bernstein | 928.5 | 1055 | 13.60% | | 17-Jan-13 | | Underweight | JPMorgan | 929 | 781 | -15.90% | | 14-Jan-13 | | Overweight | Barclays | 926 | 1038 | 12.10% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
Prudential Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Prudential with
Financial Spreads.
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Where Can I Find Live Spread Betting Prices and Charts for Prudential? |
The interactive CFDs chart below will provide readers with a helpful guide to the Prudential share price.
The above chart is from Plus500 and normally follows the underlying Prudential futures contract.
If you would like access to spread trading charts and the current pricing for Prudential, you will probably need a spread trading account.
A spreads account also lets you speculate on shorter-term spot prices. Opening an account is subject to credit, suitability and status checks.
If your application is accepted then you will be able to log on and analyse the live trading prices and charts. These are usually provided for free. The catch is that you are likely to get an occasional email and/or sales call from the spread betting firm.
If you decide to trade then, before you start, you should note that contracts for difference and financial spread betting do involve a significant level of risk and losses could exceed your initial deposit.
Professional Level Charting Packages for Prudential Shares |
Although charting software/packages tend to vary from provider to provider, in order to aid your trading, the charts generally come with features that include:
- A broad range of time periods, for example, 2 minutes, 4 hours, 1 week etc
- Various views, for example, line charts and candlestick charts
- Drawing features and options, for example, trendlines, Fibonacci fans, time zones and arcs
Charts on CapitalSpreads also include other benefits such as:
- Back Testing, Custom Indicators and Analysis tools
- Important chart overlays, for example, Ichimoku Clouds, Moving Average, Wilder's Smoothing etc
- A selection of indicators, for example, Range Indicator, RMI, Volume Index etc
- Customised alerts when your chosen market hits a particular price
Sample trading chart
The following spread betting brokers give their clients live charts and prices:
Where Can I Spread Bet on Prudential for Free? |
Trading is not risk free. However, if you would like to open a (free) Demo Account, where you can access professional level charts and try spread trading, then see below for further details.
When deciding which investment option is right for you, don't forget that in the UK, financial spread betting is currently free of capital gains tax, stamp duty and income tax*.
If you're looking for a free trading platform then keep in mind that you are able to spread bet on Prudential with no brokers' fees with providers like:
If you're interested in a (free) Practice Account / Test Account which lets users try out spread betting, including trading markets like EUR/USD, the DAX 30, gold and Prudential, then have a look at:
Each of the above firms offer a free Demo Account that lets users practice with a range of trading orders, try out ideas and study charts.
How to Spread Bet on Prudential? |
Should you want to speculate on companies like Prudential then one option is to spread trade on the Prudential share price.
Looking at a spread trading site like capital spreads, we can see they are offering the Prudential Rolling Daily market at 861.0p - 862.5p. As a result, an investor can spread bet on the Prudential share price:
 Going above 862.5p, or
 Going below 861.0p
Whilst financial spread trading on FTSE 350 equities you trade in £x per penny. As a result, should you decide to invest £4 per penny and the Prudential share price moves 27p then that would make a difference to your P&L of £108. £4 per penny x 27p = £108.
Rolling Daily Shares Markets
One important thing to note is that this is a Rolling Daily Market and so it does not have a closing date. Therefore, if you decide not to close your trade by the end of the day, it just rolls over to the next day.
If you do let your position roll over into the next day and are spread betting on the market to:
Increase - then you'll usually be charged a small overnight financing fee, or
Decrease - then a small payment is usually credited to your account
To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.
Prudential Rolling Daily - Shares Spread Betting Example |
Now, if we take the above spread of 861.0p - 862.5p and assume:
- You've done your stock market analysis, and
- Your analysis leads you to think the Prudential shares look like they will go above 862.5p
Then you could decide that you are going to buy at 862.5p for a stake of £5 per penny.
With such a bet you win £5 for every penny that the Prudential shares push higher than 862.5p. Conversely, however, you will make a loss of £5 for every penny that the Prudential market falls lower than 862.5p.
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 final price of the market and the initial price you bought the spread at. You then multiply that price difference by the stake.
With this in mind, if after a few days the shares rose then you might want to close your trade in order to lock in your profit.
Therefore, if the market moved up then the spread, determined by the spread betting firm, could change to 899.2p - 900.7p. You would close your position by selling at 899.2p. As a result, with the same £5 stake you would make:
Profit = (Final Price - Opening Price) x stake
Profit = (899.2p - 862.5p) x £5 per penny stake
Profit = 36.7p x £5 per penny stake
Profit = £183.50 profit
Trading equities, whether by spread trading or otherwise, can work against you. In this example, you had bet that the share price would go up. Naturally, it could fall.
If the Prudential share price had fallen then you could close your position to stop any further losses.
So if the spread pulled back to 829.3p - 830.8p you would close your trade by selling at 829.3p. That would mean you would make a loss of:
Loss = (Final Price - Opening Price) x stake
Loss = (829.3p - 862.5p) x £5 per penny stake
Loss = -33.2p x £5 per penny stake
Loss = -£166.00 loss
Note - Prudential Rolling Daily spread betting market quoted as of 19-Oct-12.
Advert:
Prudential Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Prudential with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Prudential Spread Betting' by DB, updated 15-Apr-13
For related pages also see:
Spread Betting on Shares - FTSE 100 Companies, updated 17-May-13
Spread Betting on FTSE 100 Companies: Individual trading guides to FTSE 100 shares with broker ratings, charts and live prices. Plus how to spread bet on FTSE 100 companies, individual explanations, where to spread bet and...read article: Spread Betting on Shares - FTSE 100 Companies.
Barclays Spread Betting, updated 16-May-13
Barclays spread betting guide with live Barclays share prices and charts. Plus, broker recommendations on Barclays, where to spread bet on Barclays shares tax-free* and commission-free, how to spread bet on the Barclays share price and...read article: Barclays Spread Betting.
Spread Betting on BP, updated 13-May-13
BP spread betting guide with live BP share prices and charts. Plus, broker recommendations on BP, where to spread bet on BP shares tax-free* and commission-free, how to spread bet on the BP share price and...read article: Spread Betting on BP.
HSBC Spread Betting, updated 16-May-13
HSBC spread betting guide with live HSBC share prices and charts. Plus, broker recommendations on HSBC, where to spread bet on HSBC shares tax-free* and commission-free, how to spread bet on the HSBC share price and...read article: HSBC Spread Betting.
Lloyds Spread Betting, updated 16-May-13
Lloyds spread betting guide with live Lloyds share prices and charts. Plus, broker recommendations on Lloyds, where to spread bet on Lloyds shares tax-free* and commission-free, how to spread bet on the Lloyds share price and...read article: Lloyds Spread Betting.
RBS Spread Betting, updated 17-May-13
RBS spread betting guide with live RBS share prices and charts. Plus, broker recommendations on RBS, where to spread bet on RBS shares tax-free* and commission-free, how to spread bet on the RBS share price and...read article: RBS Spread Betting.
Rio Tinto Spread Betting, updated 16-May-13
Rio Tinto spread betting guide with live Rio Tinto share prices and charts. Plus, broker recommendations on Rio Tinto, where to spread bet on Rio Tinto shares tax-free* and commission-free, how to spread bet on the Rio Tinto share price and...read article: Rio Tinto Spread Betting.
Vodafone Spread Betting, updated 16-May-13
Vodafone spread betting guide with live Vodafone share prices and charts. Plus, broker recommendations on Vodafone, where to spread bet on Vodafone shares tax-free* and commission-free, how to spread bet on the Vodafone share price and...read article: Vodafone Spread Betting.
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