Prudential plc Stock Rating Reaffirmed by Berenberg Bank (PRU)
Prudential plc (LON:PRU)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued on Friday, AnalystRatingsNetwork reports. They currently have a GBX 1,400 ($22.43) price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 20.90% from the stock’s previous close.
Prudential plc (LON:PRU) traded down 1.19% during mid-day trading on Friday, hitting GBX 1158.00. 2,145,277 shares of the company’s stock traded hands. Prudential plc has a 52 week low of GBX 801.5001 and a 52 week high of GBX 1270.00. The stock has a 50-day moving average of GBX 1159. and a 200-day moving average of GBX 1116.. The company’s market cap is £29.588 billion.
A number of other analysts have also recently weighed in on PRU. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Prudential plc (LON:PRU) in a research note to investors on Wednesday. They now have a GBX 1,300 ($20.82) price target on the stock. Separately, analysts at AlphaValue downgraded shares of Prudential plc (LON:PRU) to a “sell” rating in a research note to investors on Friday, September 20th. They now have a GBX 1,042.50 ($16.70) price target on the stock, down previously from GBX 1,043.90 ($16.72). Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Prudential plc (LON:PRU) from GBX 1,350 ($21.62) to GBX 1,480 ($23.71) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Prudential plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,146.98 ($18.37).
Prudential plc (LON:PRU), is an international financial services group, with operations in Asia, the United States and the United Kingdom.
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