Prudential plc (PRU) Insider Buys £27,960 in Stock
Prudential plc (LON:PRU) insider Lord J. Adair Turner bought 2,000 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were bought at an average cost of GBX 1,398 ($18.25) per share, for a total transaction of £27,960 ($36,496.54).
Prudential plc (LON:PRU) traded down 1.94% during trading on Friday, reaching GBX 1363.50. The company had a trading volume of 3,263,823 shares. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50. The firm’s 50 day moving average price is GBX 1,386.49 and its 200 day moving average price is GBX 1,333.97. The firm’s market capitalization is GBX 35.01 billion.
The firm also recently announced a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were issued a dividend of GBX 12.93 ($0.17) per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a dividend yield of 0.91%.
Several brokerages have commented on PRU. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,385 ($18.08) target price on shares of Prudential plc in a report on Thursday, August 11th. Societe Generale reaffirmed a “hold” rating and set a GBX 1,400 ($18.27) target price on shares of Prudential plc in a report on Thursday, August 11th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a GBX 1,750 ($22.84) price objective on shares of Prudential plc in a research note on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($21.99) price objective on Prudential plc and gave the company a “buy” rating in a research note on Monday, September 5th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 1,648 ($21.51) price objective on shares of Prudential plc in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,591.55 ($20.77).
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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