Prudential plc’s “Overweight” Rating Reaffirmed at HSBC (PRU)
Prudential plc (LON:PRU)‘s stock had its “overweight” rating reaffirmed by equities researchers at HSBC in a research report issued on Friday. They currently have a GBX 1,675 ($28.19) target price on the stock. HSBC’s target price suggests a potential upside of 20.50% from the company’s current price.
A number of other analysts have also recently weighed in on PRU. Analysts at Goldman Sachs downgraded shares of Prudential plc to a “buy” rating in a research note on Thursday, May 22nd. They now have a GBX 1,580 ($26.59) 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 Wednesday, May 21st. They now have a GBX 1,500 ($25.25) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Prudential plc in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,471.59 ($24.77).
Prudential plc (LON:PRU) opened at 1390.00 on Friday. 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 1360.81 and its 200-day moving average is GBX 1324.43. The company’s market cap is £35.491 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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