Prudential plc (PRU) Receives “Outperform” Rating from Macquarie
Prudential plc (LON:PRU)‘s stock had its “outperform” rating reissued by Macquarie in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,877 ($23.18) price target on the stock. Macquarie’s price target indicates a potential upside of 6.14% from the company’s previous close.
Several other equities analysts have also commented on the stock. Deutsche Bank AG upped their price target on shares of Prudential plc from GBX 1,775 ($21.92) to GBX 2,000 ($24.70) and gave the stock a “buy” rating in a research report on Tuesday. Panmure Gordon upped their price target on shares of Prudential plc from GBX 1,850 ($22.85) to GBX 2,061 ($25.45) and gave the stock a “buy” rating in a research report on Monday. BNP Paribas restated an “outperform” rating and set a GBX 1,880 ($23.22) price target on shares of Prudential plc in a research report on Monday. Canaccord Genuity upped their price target on shares of Prudential plc from GBX 1,700 ($21.00) to GBX 1,900 ($23.47) and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price target on shares of Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the stock a “sector performer” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 1,763.58 ($21.78).
Prudential plc (LON:PRU) opened at 1768.75 on Tuesday. Prudential plc has a 12 month low of GBX 1,096.00 and a 12 month high of GBX 1,801.50. The firm’s market cap is GBX 45.36 billion. The firm’s 50-day moving average is GBX 1,631.54 and its 200-day moving average is GBX 1,522.44.
The firm also recently declared a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, March 30th will be issued a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. This is an increase from Prudential plc’s previous dividend of $12.93. The ex-dividend date of this dividend is Thursday, March 30th.
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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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