Prudential plc (PRU) Price Target Increased to GBX 1,800 by Analysts at BNP Paribas
Prudential plc (LON:PRU) had its price objective raised by BNP Paribas from GBX 1,700 ($21.09) to GBX 1,800 ($22.33) in a research note published on Tuesday morning. The brokerage currently has an outperform rating on the stock.
PRU has been the subject of several other research reports. Macquarie reiterated an outperform rating and issued a GBX 1,587 ($19.69) target price on shares of Prudential plc in a research note on Friday, September 9th. Royal Bank Of Canada reiterated a sector performer rating and issued a GBX 1,470 ($18.24) target price on shares of Prudential plc in a research note on Wednesday, September 14th. Morgan Stanley set a GBX 1,685 ($20.90) target price on shares of Prudential plc and gave the company a buy rating in a research note on Monday, September 5th. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 1,252 ($15.53) target price on shares of Prudential plc in a research note on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. reiterated an outperform rating and issued a GBX 1,700 ($21.09) target price on shares of Prudential plc in a research note on Thursday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 1,609.64 ($19.97).
Prudential plc (LON:PRU) opened at 1551.00 on Tuesday. The company has a 50-day moving average price of GBX 1,433.29 and a 200-day moving average price of GBX 1,359.45. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,576.00. The company’s market capitalization is GBX 39.83 billion.
In related news, insider Lord J. Adair Turner purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were acquired at an average price of GBX 1,398 ($17.34) per share, for a total transaction of £27,960 ($34,685.52). Also, insider Tony Paul Wilkey sold 47,182 shares of the company’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($17.38), for a total transaction of £661,019.82 ($820,022.11).
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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