Barclays PLC Increases Prudential plc (PRU) Price Target to GBX 2,015
Prudential plc (LON:PRU) had its price target increased by equities research analysts at Barclays PLC from GBX 1,949 ($25.17) to GBX 2,015 ($26.02) in a research note issued on Monday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price objective would indicate a potential upside of 11.63% from the stock’s previous close.
PRU has been the topic of several other reports. HSBC Holdings plc restated a “buy” rating and issued a GBX 1,980 ($25.57) target price on shares of Prudential plc in a research report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.83) target price on Prudential plc and gave the company a “buy” rating in a research report on Tuesday, June 6th. Credit Suisse Group set a GBX 2,075 ($26.80) price target on Prudential plc and gave the company a “buy” rating in a research note on Friday, August 18th. J P Morgan Chase & Co increased their price target on Prudential plc from GBX 1,705 ($22.02) to GBX 1,800 ($23.25) and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,000 ($25.83) price target 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 given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 1,924.50 ($24.85).
Shares of Prudential plc (LON PRU) opened at 1788.00 on Monday. Prudential plc has a 1-year low of GBX 1,290.00 and a 1-year high of GBX 1,889.50. The stock’s market capitalization is GBX 46.03 billion. The company has a 50 day moving average price of GBX 1,816.32 and a 200-day moving average price of GBX 1,752.73.
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In other news, insider Lord J. Adair Turner bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were acquired at an average cost of GBX 1,802 ($23.27) per share, with a total value of £18,020 ($23,272.63). Over the last three months, insiders have purchased 1,031 shares of company stock worth $1,857,855.
About Prudential plc
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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