Prudential plc (PRU) Stock Price Up 1.6% Following Analyst Upgrade
Shares of Prudential plc (LON:PRU) rose 1.6% during trading on Monday after Goldman Sachs Group, Inc. (The) raised their price target on the stock from GBX 2,000 to GBX 2,040. Goldman Sachs Group, Inc. (The) currently has a buy rating on the stock. Prudential plc traded as high as GBX 1,798 ($23.22) and last traded at GBX 1,790 ($23.12). Approximately 3,123,030 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 3,820,310 shares. The stock had previously closed at GBX 1,762 ($22.76).
PRU has been the subject of several other reports. Barclays PLC set a GBX 2,015 ($26.02) price objective on Prudential plc and gave the stock a “buy” rating in a research note on Friday, September 8th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Prudential plc in a research report on Monday, September 4th. 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 report on Tuesday, August 1st. Berenberg Bank increased their price target on Prudential plc from GBX 2,200 ($28.41) to GBX 2,400 ($31.00) and gave the company a “buy” rating in a research report on Thursday, August 31st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,045 ($26.41) price target on shares of Prudential plc in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,924.50 ($24.85).
In other news, insider Lord J. Adair Turner acquired 1,000 shares of Prudential plc stock in a transaction on Wednesday, June 28th. The stock was 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 acquired 1,031 shares of company stock valued at $1,857,855.
The stock’s market capitalization is GBX 46.47 billion. The firm’s 50-day moving average is GBX 1,815.27 and its 200 day moving average is GBX 1,751.72.
The business also recently announced a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 24th will be paid a dividend of GBX 14.50 ($0.19) per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 0.79%.
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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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