Prudential plc (PRU) PT Raised to GBX 1,500
Prudential plc (LON:PRU) had its price target increased by stock analysts at Royal Bank Of Canada from GBX 1,470 ($18.19) to GBX 1,500 ($18.56) in a research report issued to clients and investors on Friday. The firm currently has a “sector performer” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.54% from the company’s previous close.
A number of other brokerages have also recently issued reports on PRU. Morgan Stanley set a GBX 1,685 ($20.85) price objective on shares of Prudential plc and gave the company a “buy” rating in a research note on Monday, September 5th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,648 ($20.40) price objective on shares of Prudential plc in a research note on Thursday, August 18th. Bank of America Corp. set a GBX 1,560 ($19.31) price objective on shares of Prudential plc and gave the company a “buy” rating in a research note on Monday, June 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 1,385 ($17.14) price objective on shares of Prudential plc in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. set a GBX 1,750 ($21.66) price target on shares of Prudential plc and gave the company a “buy” rating in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,575.05 ($19.49).
Shares of Prudential plc (LON:PRU) opened at 1382.00 on Friday. The firm’s market capitalization is GBX 35.49 billion. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50. The firm has a 50-day moving average of GBX 1,389.04 and a 200-day moving average of GBX 1,339.35.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/14/prudential-plc-pru-pt-raised-to-gbx-1500.html
The company also recently disclosed a dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, August 25th were given a dividend of GBX 12.93 ($0.16) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend was Thursday, August 25th.
In related news, insider David J. A. Law purchased 3,577 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of GBX 1,388 ($17.18) per share, with a total value of £49,648.76 ($61,446.49). Also, insider Tony Paul Wilkey sold 559 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of GBX 1,421 ($17.59), for a total transaction of £7,943.39 ($9,830.93).
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.
Receive News & Ratings for Prudential plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential plc and related companies with MarketBeat.com's FREE daily email newsletter.