Prudential PLC (PUK) Earns Buy Rating from Morgan Stanley
Prudential PLC (NYSE:PUK)‘s stock had its “buy” rating reissued by Morgan Stanley in a research note issued to investors on Monday.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Prudential PLC from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, September 13th. Bank of America Corp. set a $42.40 target price on Prudential PLC and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Deutsche Bank AG raised Prudential PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, November 2nd. Societe Generale downgraded Prudential PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Prudential PLC in a research report on Tuesday, September 6th. Three equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Prudential PLC has an average rating of “Hold” and a consensus price target of $44.63.
Shares of Prudential PLC (NYSE:PUK) traded down 1.60% during trading on Monday, reaching $38.09. The company’s stock had a trading volume of 130,459 shares. Prudential PLC has a 12 month low of $29.14 and a 12 month high of $47.30. The company has a market capitalization of $48.90 billion, a P/E ratio of 21.62 and a beta of 1.67. The company’s 50-day moving average is $35.36 and its 200-day moving average is $35.96.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Prudential PLC by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,391 shares of the company’s stock worth $115,000 after buying an additional 68 shares during the period. NEXT Financial Group Inc boosted its position in Prudential PLC by 100.2% in the second quarter. NEXT Financial Group Inc now owns 3,796 shares of the company’s stock worth $129,000 after buying an additional 1,900 shares during the period. Advisor Group Inc. purchased a new position in Prudential PLC during the second quarter worth about $162,000. Boothbay Fund Management LLC purchased a new position in Prudential PLC during the first quarter worth about $218,000. Finally, M&T Bank Corp boosted its position in Prudential PLC by 8.9% in the third quarter. M&T Bank Corp now owns 6,650 shares of the company’s stock worth $237,000 after buying an additional 546 shares during the period. Institutional investors own 1.49% of the company’s stock.
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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