Prudential plc (PRU) Given “Buy” Rating at Citigroup Inc.
Citigroup Inc. reiterated their buy rating on shares of Prudential plc (LON:PRU) in a research report sent to investors on Friday morning. Citigroup Inc. currently has a GBX 2,109 ($27.74) price target on the financial services provider’s stock.
PRU has been the topic of several other reports. Barclays PLC set a GBX 2,015 ($26.50) target price on Prudential plc and gave the company a buy rating in a research note on Friday, September 8th. Morgan Stanley lifted their target price on Prudential plc from GBX 2,092 ($27.52) to GBX 2,166 ($28.49) and gave the company an overweight rating in a research note on Thursday, October 19th. Deutsche Bank AG reiterated a buy rating on shares of Prudential plc in a research note on Monday, September 4th. J P Morgan Chase & Co lifted their target price on Prudential plc from GBX 1,705 ($22.43) to GBX 1,800 ($23.67) and gave the company a neutral rating in a research note on Tuesday, August 1st. Finally, Berenberg Bank lifted their target price on Prudential plc from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the company a buy rating in a research note on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 1,995.17 ($26.24).
Shares of Prudential plc (PRU) traded up GBX 9.50 ($0.12) during mid-day trading on Friday, hitting GBX 1,889.50 ($24.85). The company’s stock had a trading volume of 4,639,361 shares, compared to its average volume of 4,200,000. Prudential plc has a one year low of GBX 1,496 ($19.68) and a one year high of GBX 1,898 ($24.96).
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In other news, insider Anthony Nightingale acquired 20,000 shares of Prudential plc stock in a transaction that occurred on Friday, September 29th. The stock was purchased at an average cost of GBX 1,788 ($23.52) per share, with a total value of £357,600 ($470,340.66). Over the last ninety days, insiders have purchased 20,031 shares of company stock valued at $35,815,785.
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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