Goldman Sachs Downgrades Prudential plc to Buy (PRU)
Prudential plc (LON:PRU) was downgraded by research analysts at Goldman Sachs to a “buy” rating in a report released on Thursday. They currently have a GBX 1,580 ($26.58) price target on the stock. Goldman Sachs’ target price suggests a potential upside of 12.91% from the company’s current price.
Shares of Prudential plc (LON:PRU) traded down 0.22% on Thursday, hitting GBX 1399.40. 4,688,846 shares of the company’s stock traded hands. Prudential plc has a 52-week low of GBX 1010.9999 and a 52-week high of GBX 1440.00. The stock’s 50-day moving average is GBX 1350. and its 200-day moving average is GBX 1320.. The company’s market cap is £35.731 billion.
A number of other firms have also recently commented on PRU. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Prudential plc in a research note on Wednesday. They now have a GBX 1,500 ($25.23) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Prudential plc in a research note on Wednesday, May 14th. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Prudential plc in a research note on Friday, May 9th. They now have a GBX 1,530 ($25.74) price target on the stock. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 1,468.65 ($24.70).
Prudential plc (LON:PRU) is an international financial services group, with operations in Asia, the United States and the United Kingdom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.