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pelagus
Dec 7, 2018 3:39 PM

Prudential - 40% upside in 12 months Long

PRUDENTIAL PLC GBP0.05LSE

Description

Fundamental analysis:
- The raising interest rate environement will be positive for the insurance profitability.
investopedia.com/ask/answers/061515/how-much-do-changes-interest-rates-affect-profitability-insurance-sector.asp
"historical analysis shows that the overall trend is for the profitability of the insurance sector to increase in an environment of rising interest rates. Overall price-to-earnings (P/E) ratios for insurance company stocks usually increase in fairly direct proportion to increases in interest rates."

TA:
- Stock is currently hitting resistance line , in a consolidated uptrend.
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