Deutsche Bank AG Reaffirms “Buy” Rating for Prudential plc (PRU)
Prudential plc (LON:PRU)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank AG in a research report issued on Monday, May 22nd. They currently have a GBX 2,000 ($25.30) price target on the financial services provider’s stock. Deutsche Bank AG’s price target points to a potential upside of 11.58% from the company’s current price.
Other analysts have also issued reports about the company. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 1,890 ($23.91) price objective on shares of Prudential plc in a research report on Thursday, February 2nd. Barclays PLC set a GBX 1,844 ($23.33) price objective on Prudential plc and gave the stock a “buy” rating in a research report on Tuesday, February 7th. Shore Capital reiterated a “buy” rating on shares of Prudential plc in a research report on Tuesday, March 14th. Canaccord Genuity boosted their target price on Prudential plc from GBX 1,700 ($21.51) to GBX 1,900 ($24.04) and gave the stock a “buy” rating in a research report on Friday, March 17th. Finally, Morgan Stanley set a GBX 2,095 ($26.50) target price on Prudential plc and gave the stock a “buy” rating in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. Prudential plc presently has an average rating of “Buy” and an average target price of GBX 1,838.63 ($23.26).
Prudential plc (PRU) traded up 1.07% on Monday, hitting GBX 1792.50. 8,039,428 shares of the company were exchanged. Prudential plc has a 52-week low of GBX 1,096.00 and a 52-week high of GBX 1,801.50. The firm has a 50 day moving average of GBX 1,754.24 and a 200-day moving average of GBX 1,657.98. The stock’s market cap is GBX 46.07 billion.
In related news, insider John W. Foley sold 22,807 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of GBX 1,663 ($21.04), for a total transaction of £379,280.41 ($479,798.12). Also, insider Tony Paul Wilkey sold 147,537 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of GBX 1,663 ($21.04), for a total value of £2,453,540.31 ($3,103,782.81). Over the last 90 days, insiders have purchased 31 shares of company stock valued at $53,478.
Prudential plc Company Profile
Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.
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