Prudential plc’s (PRU) “Overweight” Rating Reiterated at Barclays PLC
Prudential plc (LON:PRU)‘s stock had its “overweight” rating reaffirmed by Barclays PLC in a research note issued on Thursday. They presently have a GBX 1,648 ($20.59) price target on the stock. Barclays PLC’s price objective would suggest a potential upside of 8.39% from the stock’s current price.
Several other brokerages have also commented on PRU. Morgan Stanley set a GBX 1,685 ($21.05) price target on Prudential plc and gave the company a “buy” rating in a research note on Monday, September 5th. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,385 ($17.30) target price on shares of Prudential plc in a research note on Wednesday, September 14th. Royal Bank Of Canada reissued a “sector performer” rating and set a GBX 1,470 ($18.37) target price on shares of Prudential plc in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. reissued an “outperform” rating and set a GBX 1,700 ($21.24) target price on shares of Prudential plc in a research note on Thursday, September 1st. Finally, Macquarie reissued an “outperform” rating and set a GBX 1,587 ($19.83) target price on shares of Prudential plc in a research note on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Prudential plc currently has a consensus rating of “Buy” and a consensus target price of GBX 1,596.91 ($19.95).
Shares of Prudential plc (LON:PRU) opened at 1508.50 on Thursday. The firm’s market cap is GBX 38.74 billion. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,576.00. The firm has a 50-day moving average price of GBX 1,403.05 and a 200 day moving average price of GBX 1,347.08.
In other news, insider Tony Paul Wilkey sold 559 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of GBX 1,421 ($17.75), for a total value of £7,943.39 ($9,924.28). Also, insider Lord J. Adair Turner acquired 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was acquired at an average price of GBX 1,398 ($17.47) per share, for a total transaction of £27,960 ($34,932.53).
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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