Macquarie Reiterates Outperform Rating for Prudential plc (PRU)
Prudential plc (LON:PRU)‘s stock had its “outperform” rating reiterated by investment analysts at Macquarie in a research note issued to investors on Wednesday. They currently have a GBX 1,587 ($19.66) price target on the stock. Macquarie’s target price suggests a potential upside of 3.66% from the stock’s current price.
Several other analysts have also recently issued reports on the stock. Deutsche Bank AG upgraded shares of Prudential plc to a “buy” rating and upped their target price for the company from GBX 1,385 ($17.16) to GBX 1,590 ($19.70) in a research report on Wednesday, November 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,252 ($15.51) price target on shares of Prudential plc in a report on Tuesday, October 18th. Royal Bank Of Canada upped their price target on shares of Prudential plc from GBX 1,470 ($18.21) to GBX 1,500 ($18.58) and gave the company a “sector performer” rating in a report on Friday, October 14th. Societe Generale downgraded shares of Prudential plc to a “sell” rating and set a GBX 1,250 ($15.48) price target on the stock. in a report on Thursday, October 13th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 1,610 ($19.94) price target on shares of Prudential plc in a report on Thursday, September 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,588.38 ($19.68).
Prudential plc (LON:PRU) opened at 1510.00 on Wednesday. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,576.00. The stock’s market capitalization is GBX 38.77 billion. The stock’s 50 day moving average is GBX 1,391.22 and its 200 day moving average is GBX 1,343.97.
In other Prudential plc news, insider Tony Paul Wilkey sold 559 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of GBX 1,421 ($17.60), for a total value of £7,943.39 ($9,839.45). Also, insider Lord J. Adair Turner purchased 2,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was bought at an average cost of GBX 1,398 ($17.32) per share, with a total value of £27,960 ($34,633.97).
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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