Prudential plc (PRU) Receives “Buy” Rating from Deutsche Bank AG
Prudential plc (LON:PRU)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They presently have a GBX 2,000 ($26.53) target price on the financial services provider’s stock. Deutsche Bank AG’s target price indicates a potential upside of 12.36% from the company’s previous close.
Several other equities research analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 2,000 ($26.53) price objective on shares of Prudential plc in a research note on Tuesday, July 4th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,949 ($25.85) price objective on shares of Prudential plc in a research note on Friday, July 21st. Morgan Stanley set a GBX 2,084 ($27.64) price objective on Prudential plc and gave the company a “buy” rating in a research note on Tuesday, July 4th. Societe Generale raised their price objective on Prudential plc from GBX 1,725 ($22.88) to GBX 1,790 ($23.74) and gave the company a “hold” rating in a research note on Thursday, September 14th. Finally, UBS AG set a GBX 2,000 ($26.53) price objective on Prudential plc and gave the company a “buy” rating in a research note on Thursday, July 13th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Prudential plc has a consensus rating of “Buy” and a consensus price target of GBX 1,954.50 ($25.93).
Prudential plc (LON:PRU) opened at 1793.00 on Thursday. The firm has a 50-day moving average price of GBX 1,785.89 and a 200-day moving average price of GBX 1,763.61. Prudential plc has a 52 week low of GBX 1,290.00 and a 52 week high of GBX 1,889.50. The stock’s market capitalization is GBX 46.16 billion.
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In other news, insider Anthony Nightingale acquired 20,000 shares of Prudential plc stock in a transaction on Friday, September 29th. The shares were bought at an average cost of GBX 1,788 ($23.72) per share, for a total transaction of £357,600 ($474,333.47). Insiders have acquired a total of 20,031 shares of company stock worth $35,815,855 over the last 90 days.
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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