Prudential plc (PRU) Rating Reiterated by Macquarie
Prudential plc (LON:PRU)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research note issued on Wednesday. They currently have a GBX 1,683 ($21.03) target price on the stock. Macquarie’s target price would indicate a potential upside of 7.92% from the company’s current price.
Several other equities analysts have also recently commented on PRU. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 1,252 ($15.64) price target on shares of Prudential plc in a research report on Tuesday, July 26th. Panmure Gordon decreased their price target 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 reissued a “sector performer” rating on shares of Prudential plc in a research report on Wednesday, August 10th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,385 ($17.30) price target on shares of Prudential plc in a research report on Thursday, August 11th. Finally, Societe Generale reissued a “hold” rating and issued a GBX 1,400 ($17.49) price target on shares of Prudential plc in a research report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. Prudential plc has a consensus rating of “Buy” and an average price target of GBX 1,605.09 ($20.05).
Shares of Prudential plc (LON:PRU) opened at 1552.00 on Wednesday. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,576.00. The stock’s 50 day moving average is GBX 1,427.08 and its 200-day moving average is GBX 1,355.70. The stock’s market capitalization is GBX 39.85 billion.
In other Prudential plc news, insider Tony Paul Wilkey sold 47,182 shares of Prudential plc stock in a transaction dated 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). Also, insider Lord J. Adair Turner bought 2,000 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were acquired at an average price of GBX 1,398 ($17.47) per share, with a total value of £27,960 ($34,932.53).
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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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