Prudential plc (PRU) Rating Reiterated by JPMorgan Chase & Co.
Prudential plc (LON:PRU)‘s stock had its “underweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They presently have a GBX 1,252 ($15.26) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 8.45% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,783 ($21.73) target price on shares of Prudential plc in a report on Monday, July 4th. Panmure Gordon decreased their target price on Prudential plc from GBX 1,891 ($23.05) to GBX 1,545 ($18.83) and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. set a GBX 1,750 ($21.33) target price on Prudential plc and gave the stock a “buy” rating in a report on Tuesday, June 28th. Canaccord Genuity decreased their target price on Prudential plc from GBX 1,600 ($19.50) to GBX 1,425 ($17.37) and set a “buy” rating on the stock in a report on Monday, June 27th. Finally, Bank of America Corp. set a GBX 1,560 ($19.01) target price on Prudential plc and gave the stock a “buy” rating in a report on Monday, June 27th. Two research analysts have 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 presently has a consensus rating of “Buy” and an average target price of GBX 1,575.05 ($19.20).
Shares of Prudential plc (LON:PRU) opened at 1367.50 on Tuesday. The company’s market cap is GBX 35.12 billion. Prudential plc has a 1-year low of GBX 1,085.00 and a 1-year high of GBX 1,578.50. The stock has a 50 day moving average price of GBX 1,390.44 and a 200-day moving average price of GBX 1,340.91.
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The business also recently declared a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were paid a dividend of GBX 12.93 ($0.16) per share. This represents a dividend yield of 0.91%. The ex-dividend date was Thursday, August 25th.
In other news, insider Tony Paul Wilkey sold 47,182 shares of Prudential plc stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($17.07), for a total transaction of £661,019.82 ($805,630.49). Also, insider Lord J. Adair Turner purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of GBX 1,398 ($17.04) per share, with a total value of £27,960 ($34,076.78).
About Prudential plc
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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