Goldman Sachs Lowers Prudential plc Price Target to GBX 1,580 (PRU)
Stock analysts at Goldman Sachs reduced their price objective on shares of Prudential plc (LON:PRU) from GBX 1,600 ($26.87) to GBX 1,580 ($26.54) in a report issued on Thursday, American Banking News reports. The firm currently has a “strong-buy” rating on the stock. Goldman Sachs’ target price points to a potential upside of 17.70% from the company’s current price.
Shares of Prudential plc (LON:PRU) traded down 0.04% on Thursday, hitting GBX 1342.4301. The stock had a trading volume of 3,366,855 shares. Prudential plc has a one year low of GBX 1010.9999 and a one year high of GBX 1440.00. The stock’s 50-day moving average is GBX 1329. and its 200-day moving average is GBX 1299.. The company’s market cap is £34.276 billion.
The company also recently declared a dividend, which is scheduled for Thursday, May 22nd. Investors of record on Wednesday, March 26th will be given a dividend of GBX 23.84 ($0.40) per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Prudential plc in a research note on Thursday, April 17th. They now have a GBX 1,600 ($26.87) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Prudential plc in a research note on Monday, April 14th. They now have a GBX 1,500 ($25.19) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Prudential plc from GBX 1,028 ($17.27) to GBX 1,038 ($17.43) in a research note on Wednesday, April 2nd. They now have an “underweight” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Prudential plc has an average rating of “Buy” and an average target price of GBX 1,428.65 ($23.99).
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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