Prudential plc Price Target Lowered to GBX 1,585 at Deutsche Bank (PRU)
Analysts at Deutsche Bank lowered their target price on shares of Prudential plc (LON:PRU) from GBX 1,600 ($26.88) to GBX 1,585 ($26.63) in a research report issued to clients and investors on Tuesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 17.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on PRU. Analysts at Goldman Sachs cut their price target on shares of Prudential plc from GBX 1,600 ($26.88) to GBX 1,580 ($26.55) in a research note on Thursday, April 24th. They now have a “strong-buy” rating on the stock. Separately, 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 ($26.88) price target on the stock. Finally, 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 ($25.20) price target on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 1,427.90 ($23.99).
Shares of Prudential plc (LON:PRU) traded up 1.62% during mid-day trading on Tuesday, hitting GBX 1351.50. 3,387,604 shares of the company’s stock traded hands. 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 1328. and its 200-day moving average is GBX 1303.. The company’s market cap is £34.508 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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