Prudential (PRU) Given “Buy” Rating at UBS Group
Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by UBS Group in a note issued to investors on Wednesday, investing.thisismoney.co.uk reports.
A number of other analysts have also weighed in on PRU. Barclays dropped their target price on shares of Prudential from GBX 2,144 ($28.02) to GBX 2,076 ($27.13) and set an “overweight” rating for the company in a report on Wednesday, July 18th. Credit Suisse Group dropped their target price on shares of Prudential from GBX 2,235 ($29.20) to GBX 2,120 ($27.70) and set an “outperform” rating for the company in a report on Wednesday, July 18th. JPMorgan Chase & Co. set a GBX 1,899 ($24.81) target price on shares of Prudential and gave the stock a “neutral” rating in a report on Thursday, July 19th. Deutsche Bank reissued a “buy” rating and issued a GBX 2,275 ($29.73) price target on shares of Prudential in a research note on Thursday, August 9th. Finally, HSBC set a GBX 2,270 ($29.66) price target on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 2,160.12 ($28.23).
Prudential stock opened at GBX 1,574.50 ($20.57) on Wednesday. Prudential has a 1-year low of GBX 1,612.14 ($21.07) and a 1-year high of GBX 1,992.50 ($26.04).
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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