Prudential plc (PRU) Receives “Buy” Rating from Shore Capital
PRU has been the subject of a number of other research reports. Macquarie reaffirmed an outperform rating and set a GBX 1,587 ($20.72) price target on shares of Prudential plc in a research report on Friday, September 9th. Royal Bank Of Canada reaffirmed a sector performer rating and set a GBX 1,470 ($19.19) price target on shares of Prudential plc in a research report on Wednesday, September 14th. Morgan Stanley set a GBX 1,685 ($21.99) price target on Prudential plc and gave the stock a buy rating in a research report on Monday, September 5th. Goldman Sachs Group Inc. reaffirmed an outperform rating and set a GBX 1,700 ($22.19) price target on shares of Prudential plc in a research report on Thursday, September 1st. Finally, HSBC lifted their price target on Prudential plc from GBX 1,570 ($20.49) to GBX 1,680 ($21.93) and gave the stock a buy rating in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 1,591.55 ($20.77).
Shares of Prudential plc (LON:PRU) opened at 1363.50 on Thursday. Prudential plc has a 52-week low of GBX 1,085.00 and a 52-week high of GBX 1,578.50. The company’s 50 day moving average price is GBX 1,386.49 and its 200 day moving average price is GBX 1,333.97. The stock’s market cap 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 paid a dividend of GBX 12.93 ($0.17) per share. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 0.91%.
In other news, insider Tony Paul Wilkey sold 47,182 shares of the stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($18.29), for a total transaction of £661,019.82 ($862,837.51).
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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