Prudential (LON:PRU) Earns Buy Rating from Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued on Monday, Digital Look reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank‘s price objective points to a potential upside of 62.63% from the company’s current price.

A number of other analysts have also recently weighed in on PRU. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Citigroup reduced their target price on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Prudential has a consensus rating of “Buy” and an average target price of GBX 1,453.

Prudential Stock Performance

Shares of Prudential stock traded up GBX 3.34 during trading on Monday, reaching GBX 888.52. The company had a trading volume of 2,147,000,000 shares, compared to its average volume of 23,161,531. Prudential has a fifty-two week low of GBX 867.40 and a fifty-two week high of GBX 1,238. The company has a market cap of £21.88 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91. The firm’s fifty day moving average is GBX 963.34 and its 200-day moving average is GBX 1,032.51.

Insiders Place Their Bets

In other news, insider Anil Wadhwani purchased 42 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was bought at an average cost of GBX 990 per share, for a total transaction of £415.80. 0.52% of the stock is currently owned by corporate insiders.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.