Prudential plc Earns “Buy” Rating from Berenberg Bank (PRU)
Prudential plc (LON:PRU)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 1,600 ($26.55) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 10.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Prudential plc in a research note on Friday, August 22nd. They now have a GBX 1,173 ($19.47) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Prudential plc in a research note on Friday, August 15th. They now have a GBX 1,577 ($26.17) 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 Thursday, August 14th. They now have a GBX 1,663.69 ($27.61) price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,507.09 ($25.01).
Prudential plc (LON:PRU) traded down 0.03% on Wednesday, hitting GBX 1453.50. The stock had a trading volume of 3,294,436 shares. Prudential plc has a 52-week low of GBX 1085.00 and a 52-week high of GBX 1462.188. The stock’s 50-day moving average is GBX 1394. and its 200-day moving average is GBX 1364.. The company’s market cap is £37.162 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 25th. Shareholders of record on Wednesday, August 20th will be paid a dividend of GBX 11.19 ($0.19) per share. This represents a dividend yield of 0.82%. The ex-dividend date is Wednesday, August 20th.
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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