Prudential Public (NYSE:PUK) Rating Increased to Strong-Buy at Berenberg Bank

Prudential Public (NYSE:PUK) was upgraded by equities researchers at Berenberg Bank to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

A number of other brokerages have also recently issued reports on PUK. Zacks Research cut Prudential Public from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research report on Monday, July 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.30.

Prudential Public Trading Down 2.1%

Shares of NYSE:PUK opened at $27.76 on Wednesday. The company has a 50-day moving average price of $28.25 and a two-hundred day moving average price of $28.97. Prudential Public has a twelve month low of $24.61 and a twelve month high of $34.03. The company has a current ratio of 0.03, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22.

Prudential Public (NYSE:PUK) last posted its earnings results on Friday, August 14th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $3.90 billion for the quarter. On average, equities analysts predict that Prudential Public will post 1.98 EPS for the current year.

Hedge Funds Weigh In On Prudential Public

Several institutional investors have recently modified their holdings of PUK. Manchester Capital Management LLC grew its stake in shares of Prudential Public by 1,103.0% during the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider’s stock valued at $25,000 after buying an additional 728 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Prudential Public during the fourth quarter valued at approximately $29,000. Allworth Financial LP lifted its position in shares of Prudential Public by 47.0% in the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 480 shares during the period. Larson Financial Group LLC boosted its stake in shares of Prudential Public by 626.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Prudential Public by 2,583.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock valued at $79,000 after buying an additional 2,454 shares during the period. 1.90% of the stock is currently owned by institutional investors.

About Prudential Public

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.