Prudential plc (PRU) Given a GBX 2,015 Price Target by Barclays PLC Analysts
Prudential plc (LON:PRU) has been given a GBX 2,015 ($26.02) price target by investment analysts at Barclays PLC in a report released on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Barclays PLC’s price objective points to a potential upside of 14.36% from the company’s previous close.
PRU has been the subject of a number of other reports. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,980 ($25.57) price objective on shares of Prudential plc in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.83) price objective on shares of Prudential plc and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Credit Suisse Group set a GBX 2,075 ($26.80) price objective on shares of Prudential plc and gave the stock a “buy” rating in a research note on Friday, August 18th. J P Morgan Chase & Co upped their price objective on shares of Prudential plc from GBX 1,705 ($22.02) to GBX 1,800 ($23.25) and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,000 ($25.83) price objective on shares of Prudential plc in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 1,922.28 ($24.83).
Shares of Prudential plc (PRU) opened at 1762.00 on Friday. The stock’s market capitalization is GBX 45.36 billion. Prudential plc has a 52-week low of GBX 1,290.00 and a 52-week high of GBX 1,889.50. The stock has a 50 day moving average of GBX 1,815.07 and a 200 day moving average of GBX 1,747.53.
Prudential plc (LON:PRU) last released its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.10. Prudential plc had a return on equity of 19.94% and a net margin of 3.50%. Analysts forecast that Prudential plc will post $142.55 earnings per share for the current year.
In related news, insider Lord J. Adair Turner acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average cost of GBX 1,802 ($23.27) per share, with a total value of £18,020 ($23,272.63). Insiders purchased a total of 1,020 shares of company stock valued at $1,838,660 over the last ninety days.
Prudential plc 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.
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