Jefferies Group Increases Prudential plc (PRU) Price Target to GBX 1,437
Prudential plc (LON:PRU) had its price objective raised by analysts at Jefferies Group from GBX 1,416 ($18.48) to GBX 1,437 ($18.76) in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 3.08% from the company’s previous close.
Several other research firms have also weighed in on PRU. Deutsche Bank AG restated a “hold” rating and set a GBX 1,385 ($18.08) target price on shares of Prudential plc in a report on Thursday, August 11th. Societe Generale restated a “hold” rating and set a GBX 1,400 ($18.27) target price on shares of Prudential plc in a report on Thursday, August 11th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 1,750 ($22.84) target price on shares of Prudential plc in a report on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($21.99) target price on Prudential plc and gave the company a “buy” rating in a report on Monday, September 5th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 1,648 ($21.51) target price on shares of Prudential plc in a report on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 1,588.59 ($20.74).
Prudential plc (LON:PRU) opened at 1407.00 on Thursday. Prudential plc has a 12-month low of GBX 1,045.99 and a 12-month high of GBX 1,578.50. The firm’s 50-day moving average price is GBX 1,381.04 and its 200-day moving average price is GBX 1,331.84. The company’s market cap is GBX 36.13 billion.
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The business also recently disclosed a dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th will be issued a dividend of GBX 12.93 ($0.17) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 25th.
In related news, insider Turner,Lord J. Adair acquired 1,500 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of GBX 1,178 ($15.38) per share, with a total value of £17,670 ($23,064.87).
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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