Brokerages Set Prudential plc (LON:PRU) Target Price at $1,588.86
Shares of Prudential plc (LON:PRU) have earned an average recommendation of “Buy” from the twenty-three analysts that are presently covering the company. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,588.86 ($20.74).
Several research firms recently commented on PRU. Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,610 ($21.02) target price on shares of Prudential plc in a report on Thursday, September 29th. Shore Capital reaffirmed a “buy” rating on shares of Prudential plc in a report on Thursday, September 29th. Jefferies Group raised their target price on Prudential plc from GBX 1,416 ($18.48) to GBX 1,437 ($18.76) and gave the stock a “hold” rating in a report on Thursday, September 22nd. Barclays PLC reissued an “overweight” rating on shares of Prudential plc in a report on Tuesday, September 20th. Finally, HSBC raised their price objective on Prudential plc from GBX 1,570 ($20.49) to GBX 1,680 ($21.93) and gave the company a “buy” rating in a report on Wednesday, September 14th.
In other news, insider Lord J. Adair Turner acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was acquired at an average cost of GBX 1,398 ($18.25) per share, with a total value of £27,960 ($36,496.54). Also, insider Tony Paul Wilkey sold 47,182 shares of Prudential plc stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($18.29), for a total value of £661,019.82 ($862,837.51).
Prudential plc (LON:PRU) opened at 1395.00 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 market cap is GBX 35.82 billion. The stock’s 50 day moving average price is GBX 1,382.10 and its 200 day moving average price is GBX 1,334.76.
The company also recently disclosed a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were paid a GBX 12.93 ($0.17) dividend. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 0.91%.
About Prudential plc
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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