Zacks Investment Research upgraded shares of Prudential Public Limited Company (NYSE:PUK) from a hold rating to a buy rating in a research note released on Thursday. They currently have $52.00 target price on the financial services provider’s stock.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Other equities analysts have also recently issued research reports about the stock. BidaskClub raised shares of Prudential Public Limited from a hold rating to a buy rating in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) cut Prudential Public Limited from a conviction-buy rating to a buy rating in a report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Prudential Public Limited currently has a consensus rating of Buy and an average target price of $52.00.

Shares of Prudential Public Limited (PUK) traded up 0.8922% during trading on Thursday, reaching $47.3487. The company had a trading volume of 63,393 shares. Prudential Public Limited has a 52-week low of $32.52 and a 52-week high of $49.67. The stock has a market capitalization of $60.95 billion, a price-to-earnings ratio of 17.2302 and a beta of 1.59. The stock has a 50 day moving average of $47.23 and a 200 day moving average of $44.57.

TRADEMARK VIOLATION WARNING: “Prudential Public Limited Company (PUK) Upgraded to “Buy” at Zacks Investment Research” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/01/prudential-public-limited-company-puk-upgraded-to-buy-at-zacks-investment-research.html.

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, August 25th will be paid a dividend of $0.3765 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a dividend yield of 1.62%.

Several hedge funds and other institutional investors have recently bought and sold shares of PUK. Proficio Capital Partners LLC raised its position in Prudential Public Limited by 1.0% in the second quarter. Proficio Capital Partners LLC now owns 2,043 shares of the financial services provider’s stock worth $100,000 after buying an additional 21 shares in the last quarter. Advisor Group Inc. raised its position in Prudential Public Limited by 0.7% in the second quarter. Advisor Group Inc. now owns 4,481 shares of the financial services provider’s stock worth $206,000 after buying an additional 30 shares in the last quarter. Fiera Capital Corp raised its position in Prudential Public Limited by 1.8% in the second quarter. Fiera Capital Corp now owns 9,231 shares of the financial services provider’s stock worth $425,000 after buying an additional 166 shares in the last quarter. Bank of Montreal Can raised its position in Prudential Public Limited by 1.3% in the second quarter. Bank of Montreal Can now owns 21,070 shares of the financial services provider’s stock worth $969,000 after buying an additional 268 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in Prudential Public Limited by 6.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 5,286 shares of the financial services provider’s stock worth $243,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 1.60% of the company’s stock.

Prudential Public Limited Company Profile

Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

Analyst Recommendations for Prudential Public Limited (NYSE:PUK)

Receive News & Stock Ratings for Prudential Public Limited Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public Limited Company and related stocks with our FREE daily email newsletter.