Prudential PLC (PUK) Downgraded by Societe Generale to “Sell”
Prudential PLC (NYSE:PUK) was downgraded by Societe Generale from a “hold” rating to a “sell” rating in a report issued on Wednesday.
A number of other research firms have also recently weighed in on PUK. Bank of America Corp. set a $42.40 price target on Prudential PLC and gave the stock a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research raised Prudential PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Finally, JPMorgan Chase & Co. downgraded Prudential PLC from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.63.
Prudential PLC (NYSE:PUK) traded up 1.012% during midday trading on Wednesday, reaching $35.445. The company’s stock had a trading volume of 549,919 shares. The company has a 50 day moving average of $36.26 and a 200-day moving average of $36.71. Prudential PLC has a 1-year low of $29.14 and a 1-year high of $48.54. The company has a market capitalization of $45.51 billion, a P/E ratio of 19.497 and a beta of 1.70.
The company also recently declared a dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, August 26th were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Wednesday, August 24th.
A number of large investors have recently bought and sold shares of PUK. Northwestern Mutual Wealth Management Co. increased its stake in Prudential PLC by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,391 shares of the company’s stock worth $115,000 after buying an additional 68 shares during the period. NEXT Financial Group Inc increased its stake in Prudential PLC by 100.2% in the second quarter. NEXT Financial Group Inc now owns 3,796 shares of the company’s stock worth $129,000 after buying an additional 1,900 shares during the period. Advisor Group Inc. purchased a new stake in Prudential PLC during the second quarter worth about $162,000. Boothbay Fund Management LLC purchased a new stake in Prudential PLC during the first quarter worth about $218,000. Finally, CIBC World Markets Inc. purchased a new stake in Prudential PLC during the second quarter worth about $257,000. 1.44% of the stock is owned by hedge funds and other institutional investors.
Prudential PLC Company Profile
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.
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