Prudential plc (PRU) Downgraded by Societe Generale to Sell
Several other research analysts also recently issued reports on PRU. Panmure Gordon reiterated a buy rating and issued a GBX 1,610 ($19.93) target price on shares of Prudential plc in a research note on Thursday, September 29th. Shore Capital reiterated a buy rating on shares of Prudential plc in a research note on Thursday, September 29th. Jefferies Group upped their target price on shares of Prudential plc from GBX 1,416 ($17.52) to GBX 1,437 ($17.78) and gave the stock a hold rating in a research note on Thursday, September 22nd. Barclays PLC reiterated an overweight rating on shares of Prudential plc in a research note on Tuesday, September 20th. Finally, HSBC upped their target price on shares of Prudential plc from GBX 1,570 ($19.43) to GBX 1,680 ($20.79) and gave the stock a buy rating in a research note on Wednesday, September 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 1,575.05 ($19.49).
Prudential plc (LON:PRU) traded up 1.16% on Thursday, reaching GBX 1398.00. 2,228,680 shares of the company were exchanged. The firm’s market capitalization is GBX 35.90 billion. The firm has a 50-day moving average of GBX 1,389.04 and a 200 day moving average of GBX 1,339.35. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50.
The firm also recently disclosed a dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th were given a dividend of GBX 12.93 ($0.16) per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 0.91%.
In other Prudential plc news, insider David J. A. Law acquired 3,577 shares of the stock in a transaction on Monday, October 3rd. The stock was acquired at an average price of GBX 1,388 ($17.18) per share, for a total transaction of £49,648.76 ($61,446.49). Also, insider Lord J. Adair Turner acquired 2,000 shares of the stock in a transaction on Thursday, September 29th. The shares were acquired at an average price of GBX 1,398 ($17.30) per share, with a total value of £27,960 ($34,603.96).
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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