Prudential plc Stock Rating Reaffirmed by HSBC (PRU)
Prudential plc (LON:PRU)‘s stock had its “overweight” rating restated by investment analysts at HSBC in a note issued to investors on Tuesday, Analyst Ratings News reports. They currently have a GBX 1,625 ($26.67) price target on the stock. HSBC’s target price points to a potential upside of 20.82% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Prudential plc from GBX 1,500 ($24.62) to GBX 1,580 ($25.94) in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Prudential plc from GBX 1,450 ($23.80) to GBX 1,500 ($24.62) in a research note to investors on Wednesday, January 15th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Prudential plc from GBX 1,390 ($22.82) to GBX 1,550 ($25.44) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,347.91 ($22.13).
Prudential plc (LON:PRU) opened at 1345.00 on Tuesday. Prudential plc has a 52 week low of GBX 914.9999 and a 52 week high of GBX 1389.00. The stock has a 50-day moving average of GBX 1317.06 and a 200-day moving average of GBX 1222.. The company’s market cap is £34.366 billion.
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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