Prudential PLC (NYSE:PUK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered shares of Prudential PLC from a “neutral” rating to an “underweight” rating in a research report on Tuesday, July 5th. Bank of America Corp. set a $42.40 price target on shares of Prudential PLC and gave the company a “buy” rating in a research report on Wednesday, August 10th. Finally, Societe Generale lowered shares of Prudential PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Prudential PLC currently has an average rating of “Hold” and a consensus target price of $44.63.

Analyst Recommendations for Prudential PLC (NYSE:PUK)

Prudential PLC (NYSE:PUK) opened at 34.13 on Friday. The firm has a market cap of $43.82 billion, a P/E ratio of 18.77 and a beta of 1.70. The firm’s 50-day moving average price is $36.16 and its 200-day moving average price is $36.68. Prudential PLC has a 1-year low of $29.14 and a 1-year high of $48.54.

The business also recently declared a dividend, which was paid on Thursday, October 6th. Investors of record on Friday, August 26th were paid a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, August 24th.

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position 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 last quarter. Highland Capital Management LLC increased its position in Prudential PLC by 0.5% in the third quarter. Highland Capital Management LLC now owns 19,559 shares of the company’s stock worth $698,000 after buying an additional 100 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Prudential PLC by 11.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 8,800 shares of the company’s stock worth $299,000 after buying an additional 900 shares during the last quarter. Rhumbline Advisers increased its position in Prudential PLC by 6.5% in the second quarter. Rhumbline Advisers now owns 14,714 shares of the company’s stock worth $500,000 after buying an additional 900 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in Prudential PLC by 6.4% in the second quarter. Raymond James Trust N.A. now owns 15,328 shares of the company’s stock worth $521,000 after buying an additional 920 shares during the last quarter. 1.44% of the stock is owned by 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.

5 Day Chart for NYSE:PUK

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