Prudential plc (LON:PRU) has received an average recommendation of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,408.93 ($18.41).

Several research firms have recently weighed in on PRU. Morgan Stanley increased their price target on Prudential from GBX 1,619 ($21.16) to GBX 1,626 ($21.25) and gave the company an “overweight” rating in a report on Monday, June 22nd. Deutsche Bank reissued a “buy” rating and set a GBX 1,400 ($18.29) price target on shares of Prudential in a report on Wednesday, August 12th. Goldman Sachs Group set a GBX 1,200 ($15.68) price target on Prudential and gave the company a “buy” rating in a report on Thursday, June 11th. Royal Bank of Canada set a GBX 1,490 ($19.47) price target on Prudential and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, Barclays reissued a “buy” rating and set a GBX 1,532 ($20.02) price target on shares of Prudential in a report on Tuesday, September 8th.

LON PRU opened at GBX 1,187.50 ($15.52) on Friday. The business’s fifty day moving average price is GBX 1,194.78 and its 200-day moving average price is GBX 1,126.69. The stock has a market capitalization of $30.98 billion and a price-to-earnings ratio of 219.91. The company has a debt-to-equity ratio of 92.35, a current ratio of 2.25 and a quick ratio of 0.48. Prudential has a 1-year low of GBX 12.37 ($0.16) and a 1-year high of GBX 1,509 ($19.72).

The firm also recently declared a dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, August 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a yield of 0.32%. Prudential’s payout ratio is presently 462.96%.

In other news, insider Philip Remnant acquired 1,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of GBX 1,286 ($16.80) per share, for a total transaction of £12,860 ($16,803.87). Also, insider Mark FitzPatrick sold 37,452 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of GBX 1,260 ($16.46), for a total value of £471,895.20 ($616,614.66). Insiders acquired a total of 45,046 shares of company stock valued at $54,185,641 in the last quarter.

Prudential Company Profile

Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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