Prudential plc (PRU) Trading 1.1% Higher
Shares of Prudential plc (LON:PRU) traded up 1.1% on Wednesday . The stock traded as high as GBX 1,849 ($24.57) and last traded at GBX 1,840.50 ($24.46). 2,889,093 shares were traded during trading, a decline of 35% from the average session volume of 4,475,260 shares. The stock had previously closed at GBX 1,821 ($24.20).
PRU has been the subject of several recent research reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 2,000 ($26.57) price target on shares of Prudential plc in a research report on Tuesday, July 4th. UBS AG set a GBX 2,000 ($26.57) price target on shares of Prudential plc and gave the stock a “buy” rating in a research report on Thursday, July 13th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,000 ($26.57) price target on shares of Prudential plc in a research report on Friday, August 11th. Morgan Stanley upped their price target on shares of Prudential plc from GBX 2,084 ($27.69) to GBX 2,092 ($27.80) and gave the stock an “overweight” rating in a research report on Monday, August 14th. Finally, Royal Bank Of Canada set a GBX 1,620 ($21.53) price target on shares of Prudential plc and gave the stock a “neutral” rating in a research report on Friday, July 21st. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,954.50 ($25.97).
The firm’s 50 day moving average price is GBX 1,788.36 and its 200 day moving average price is GBX 1,770.81. The firm’s market capitalization is GBX 47.38 billion.
The firm also recently announced a dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 24th were paid a GBX 14.50 ($0.19) dividend. The ex-dividend date was Thursday, August 24th. This represents a dividend yield of 0.79%.
In other news, insider Anthony Nightingale purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 1,788 ($23.76) per share, for a total transaction of £357,600 ($475,152.80). In the last quarter, insiders purchased 20,031 shares of company stock worth $35,816,115.
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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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