Prudential plc (PRU) Given Buy Rating at Deutsche Bank AG
Prudential plc (LON:PRU)‘s stock had its ” buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued to investors on Friday. They presently have a GBX 1,670 ($20.86) target price on the stock. Deutsche Bank AG’s target price suggests a potential upside of 9.87% from the company’s previous close.
Other equities analysts have also issued reports about the company. Barclays PLC restated an “overweight” rating and set a GBX 1,648 ($20.59) price target on shares of Prudential plc in a research report on Thursday. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,252 ($15.64) price target on shares of Prudential plc in a research report on Thursday. Macquarie reiterated an “outperform” rating and issued a GBX 1,683 ($21.03) price objective on shares of Prudential plc in a research report on Thursday. Panmure Gordon cut their price objective on 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. Finally, Royal Bank Of Canada reiterated a “sector performer” rating on shares of Prudential plc in a research report on Wednesday, August 10th. Two research 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. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,600.55 ($20.00).
Shares of Prudential plc (LON:PRU) opened at 1535.50 on Friday. The firm’s market cap is GBX 39.43 billion. The stock’s 50 day moving average price is GBX 1,407.36 and its 200-day moving average price is GBX 1,348.28. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,576.00.
In other news, insider Tony Paul Wilkey sold 559 shares of the stock in a transaction that occurred on 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 David J. A. Law purchased 3,577 shares of Prudential plc stock in a transaction dated Monday, October 3rd. The stock was acquired at an average price of GBX 1,388 ($17.34) per share, for a total transaction of £49,648.76 ($62,029.94).
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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