Prudential plc (PRU) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Prudential plc (LON:PRU)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday. They presently have a GBX 1,252 ($15.64) price objective on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 17.36% from the company’s previous close.
Other analysts have also issued reports about the company. Panmure Gordon cut their price target 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 note on Wednesday, August 3rd. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,648 ($20.59) price objective on shares of Prudential plc in a research note on Thursday, September 8th. Royal Bank Of Canada reaffirmed a “sector performer” rating on shares of Prudential plc in a research note on Wednesday, August 10th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,385 ($17.30) price objective on shares of Prudential plc in a research note on Thursday, August 11th. Finally, Macquarie reaffirmed an “outperform” rating and issued a GBX 1,683 ($21.03) price objective on shares of Prudential plc in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 1,605.09 ($20.05).
Prudential plc (LON:PRU) opened at 1520.18 on Thursday. Prudential plc has a 52-week low of GBX 1,085.00 and a 52-week high of GBX 1,576.00. The firm’s market cap is GBX 39.04 billion. The firm’s 50-day moving average price is GBX 1,411.58 and its 200-day moving average price is GBX 1,349.41.
In related news, insider Tony Paul Wilkey sold 47,182 shares of the company’s stock in a transaction 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). Also, insider David J. A. Law purchased 3,577 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average price of GBX 1,388 ($17.34) per share, with a total value of £49,648.76 ($62,029.94).
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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