Prudential plc (PRU) Downgraded by Societe Generale
Prudential plc (LON:PRU) was downgraded by stock analysts at Societe Generale to a ” sell” rating in a note issued to investors on Thursday. They presently have a GBX 1,250 ($15.47) price objective on the stock. Societe Generale’s price target would suggest a potential downside of 13.76% from the stock’s previous close.
Several other brokerages also recently issued reports on PRU. Morgan Stanley set a GBX 1,685 ($20.85) price target on shares of Prudential plc and gave the stock a “buy” rating in a research report on Monday, September 5th. Barclays PLC reissued an “overweight” rating and set a GBX 1,648 ($20.40) price objective on shares of Prudential plc in a report on Thursday, August 18th. Bank of America Corp. set a GBX 1,560 ($19.31) price objective on Prudential plc and gave the stock a “buy” rating in a report on Monday, June 27th. Deutsche Bank AG reissued a “hold” rating and set a GBX 1,385 ($17.14) price objective on shares of Prudential plc in a report on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. set a GBX 1,750 ($21.66) price objective on Prudential plc and gave the stock a “buy” rating in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Prudential plc currently has a consensus rating of “Buy” and an average price target of GBX 1,573.62 ($19.48).
Shares of Prudential plc (LON:PRU) opened at 1394.00 on Thursday. The company’s 50 day moving average is GBX 1,388.50 and its 200 day moving average is GBX 1,339.15. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50. The firm’s market capitalization is GBX 35.80 billion.
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The business also recently disclosed a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were issued a GBX 12.93 ($0.16) dividend. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, August 25th.
In related news, insider Lord J. Adair Turner acquired 2,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was bought at an average price of GBX 1,398 ($17.30) per share, with a total value of £27,960 ($34,603.96). Also, insider Tony Paul Wilkey sold 47,182 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($17.34), for a total value of £661,019.82 ($818,093.84).
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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