Royal Bank Of Canada Reiterates GBX 1,620 Price Target for Prudential plc (PRU)
Prudential plc (LON:PRU) received a GBX 1,620 ($21.15) price objective from analysts at Royal Bank Of Canada in a report released on Friday. The firm presently has a “neutral” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 10.00% from the stock’s current price.
A number of other equities analysts also recently issued reports on PRU. UBS AG set a GBX 2,000 ($26.12) price target on Prudential plc and gave the company a “buy” rating in a research note on Friday, May 19th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,949 ($25.45) price target on shares of Prudential plc in a research note on Friday. Jefferies Group LLC lifted their price target on Prudential plc from GBX 1,469 ($19.18) to GBX 1,771 ($23.13) and gave the company a “hold” rating in a research note on Monday, April 24th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($26.12) price target on Prudential plc and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Morgan Stanley set a GBX 2,084 ($27.21) price target on Prudential plc and gave the company a “buy” rating in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. Prudential plc currently has an average rating of “Buy” and an average target price of GBX 1,877.89 ($24.52).
Shares of Prudential plc (LON:PRU) opened at 1800.00 on Friday. Prudential plc has a 12-month low of GBX 1,290.00 and a 12-month high of GBX 1,831.50. The company’s market cap is GBX 46.27 billion. The company’s 50-day moving average price is GBX 1,779.85 and its 200 day moving average price is GBX 1,692.18.
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In related news, insider Lord J. Adair Turner purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were bought at an average price of GBX 1,802 ($23.53) per share, with a total value of £18,020 ($23,530.95). Insiders purchased a total of 1,030 shares of company stock worth $1,854,950 in the last ninety days.
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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