Canaccord Genuity Increases Prudential plc (PRU) Price Target to GBX 1,900
Prudential plc (LON:PRU) had its price objective hoisted by research analysts at Canaccord Genuity from GBX 1,700 ($21.00) to GBX 1,900 ($23.47) in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 7.44% from the stock’s current price.
PRU has been the subject of a number of other reports. Macquarie reaffirmed an “outperform” rating and set a GBX 1,683 ($20.79) price target on shares of Prudential plc in a report on Thursday, November 17th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 1,890 ($23.34) price target on shares of Prudential plc in a report on Thursday, February 2nd. Royal Bank of Canada raised their price target on Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the company a “sector performer” rating in a report on Friday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,845 ($22.79) price target (up from GBX 1,748 ($21.59)) on shares of Prudential plc in a report on Monday, December 12th. Finally, Goldman Sachs Group Inc set a GBX 1,775 ($21.92) price target on Prudential plc and gave the company a “buy” rating in a report on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,753.37 ($21.65).
Shares of Prudential plc (LON:PRU) opened at 1768.50 on Friday. The firm’s market capitalization is GBX 45.36 billion. The stock’s 50 day moving average price is GBX 1,631.54 and its 200-day moving average price is GBX 1,522.44. Prudential plc has a 12 month low of GBX 1,096.00 and a 12 month high of GBX 1,801.50.
The business also recently declared a dividend, which will be paid on Friday, May 19th. Stockholders of record on Thursday, March 30th will be given a GBX 30.57 ($0.38) dividend. This is a positive change from Prudential plc’s previous dividend of $12.93. This represents a dividend yield of 1.78%. The ex-dividend date is Thursday, March 30th.
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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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