Prudential (LON:PRU) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

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

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

Prudential Trading Up 0.4%

PRU traded up GBX 3.34 during trading hours on Monday, hitting GBX 888.52. The company’s stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 23,161,531. Prudential has a 12 month low of GBX 867.40 and a 12 month high of GBX 1,238. The business’s 50-day moving average price is GBX 963.34 and its 200-day moving average price is GBX 1,032.51. The stock has a market cap of £21.88 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.40 and a beta of 0.91.

Insiders Place Their Bets

In other Prudential news, insider Anil Wadhwani acquired 42 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of GBX 990 per share, with a total value 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.