Prudential plc (PRU) PT Raised to GBX 1,500
Prudential plc (LON:PRU) had its target price raised by analysts at Royal Bank Of Canada from GBX 1,470 ($18.19) to GBX 1,500 ($18.56) in a research note issued on Friday. The brokerage presently has a “sector performer” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 8.54% from the stock’s previous close.
A number of other research analysts have also issued reports on PRU. Morgan Stanley set a GBX 1,677 ($20.75) target price on shares of Prudential plc and gave the stock a “buy” rating in a research report on Friday, June 17th. Shore Capital restated a “buy” rating on shares of Prudential plc in a research report on Friday, June 24th. BNP Paribas restated an “outperform” rating and set a GBX 1,700 ($21.04) target price on shares of Prudential plc in a research report on Monday, June 27th. Bank of America Corp. set a GBX 1,560 ($19.31) target price on shares of Prudential plc and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Canaccord Genuity decreased their target price on shares of Prudential plc from GBX 1,600 ($19.80) to GBX 1,425 ($17.64) and set a “buy” rating on the stock in a research report on Monday, June 27th. Two research 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. Prudential plc presently has a consensus rating of “Buy” and a consensus price target of GBX 1,575.05 ($19.49).
Prudential plc (LON:PRU) opened at 1382.00 on Friday. The company 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 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 35.49 billion.
The company also recently announced a dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, August 25th were paid a dividend of GBX 12.93 ($0.16) per share. This represents a yield of 0.91%. The ex-dividend date was Thursday, August 25th.
In related news, insider David J. A. Law purchased 3,577 shares of Prudential plc stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost 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 purchased 2,000 shares of Prudential plc stock in a transaction on Thursday, September 29th. The stock was bought at an average price of GBX 1,398 ($17.30) per share, with a total value of £27,960 ($34,603.96).
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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