Prudential plc (PRU) PT Raised to GBX 1,775
Prudential plc (LON:PRU) had its price objective boosted by research analysts at Goldman Sachs Group Inc. from GBX 1,750 ($21.86) to GBX 1,775 ($22.18) in a research report issued on Friday. The firm presently has a “conviction-buy” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 17.55% from the stock’s previous close.
A number of other equities analysts have also commented on PRU. Barclays PLC raised their price objective on shares of Prudential plc from GBX 1,609 ($20.10) to GBX 1,648 ($20.59) and gave the company an “overweight” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,252 ($15.64) target price on shares of Prudential plc in a research report on Tuesday, July 26th. Panmure Gordon dropped their target price on shares of Prudential plc from GBX 1,891 ($23.63) to GBX 1,545 ($19.30) and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Royal Bank Of Canada reiterated a “sector performer” rating on shares of Prudential plc in a research report on Wednesday, August 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,385 ($17.30) target price on shares of Prudential plc in a research report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Prudential plc presently has an average rating of “Buy” and a consensus target price of GBX 1,588.38 ($19.84).
Shares of Prudential plc (LON:PRU) opened at 1530.50 on Friday. Prudential plc has a 1-year low of GBX 1,085.00 and a 1-year high of GBX 1,576.00. The stock has a 50 day moving average of GBX 1,395.71 and a 200-day moving average of GBX 1,344.83. The company’s market capitalization is GBX 39.30 billion.
In other Prudential plc news, insider David J. A. Law bought 3,577 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of GBX 1,388 ($17.34) per share, for a total transaction of £49,648.76 ($62,029.94). Also, insider Tony Paul Wilkey sold 47,182 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($17.50), for a total transaction of £661,019.82 ($825,861.84).
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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