Prudential plc (PRU) Earns “Outperform” Rating from Macquarie
Prudential plc (LON:PRU)‘s stock had its “outperform” rating reissued by stock analysts at Macquarie in a research report issued to clients and investors on Thursday. They presently have a GBX 1,683 ($21.03) target price on the stock. Macquarie’s target price would suggest a potential upside of 10.69% from the company’s current price.
Several other analysts have also weighed in on PRU. 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 decreased 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 on the stock 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. 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. Finally, Societe Generale reiterated a “hold” rating and set a GBX 1,400 ($17.49) target price on shares of Prudential plc in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,596.91 ($19.95).
Prudential plc (LON:PRU) opened at 1508.50 on Thursday. The company’s market capitalization is GBX 38.74 billion. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,576.00. The stock has a 50 day moving average of GBX 1,403.05 and a 200 day moving average of GBX 1,347.08.
In other Prudential plc news, insider David J. A. Law purchased 3,577 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was acquired at an average cost of GBX 1,388 ($17.34) per share, with a total value of £49,648.76 ($62,029.94). Also, insider Tony Paul Wilkey sold 47,182 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was 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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