Prudential plc Rating Lowered to Neutral at Mediobanca SpA (PRU)
Prudential plc (LON:PRU) was downgraded by investment analysts at Mediobanca SpA to a “neutral” rating in a note issued to investors on Wednesday, ARN reports. They currently have a GBX 1,250.40 ($20.53) target price on the stock. Mediobanca SpA’s target price would suggest a potential downside of 6.20% from the company’s current price.
Shares of Prudential plc (LON:PRU) opened at 1318.875 on Wednesday. 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. and a 200-day moving average of GBX 1224.. The company’s market cap is £33.698 billion.
A number of other analysts have also recently weighed in on PRU. Analysts at HSBC raised their price target on shares of Prudential plc from GBX 1,570 ($25.77) to GBX 1,625 ($26.67) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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, January 17th. They now have a “strong-buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 1,343.48 ($22.05).
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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