Prudential PLC (PUK) Receives Average Rating of “Hold” from Brokerages
Prudential PLC (NYSE:PUK) has received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.95.
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reissued a “sell” rating on shares of Prudential PLC in a research report on Tuesday, September 6th. Zacks Investment Research raised Prudential PLC from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, September 13th. Bank of America Corp. set a $42.40 price target on Prudential PLC and gave the company a “buy” rating in a report on Wednesday, August 10th. Finally, Societe Generale cut Prudential PLC from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th.
Institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Prudential PLC by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,391 shares of the company’s stock worth $115,000 after buying an additional 68 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of Prudential PLC by 0.5% in the third quarter. Highland Capital Management LLC now owns 19,559 shares of the company’s stock worth $698,000 after buying an additional 100 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Prudential PLC by 11.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 8,800 shares of the company’s stock worth $299,000 after buying an additional 900 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Prudential PLC by 6.5% in the second quarter. Rhumbline Advisers now owns 14,714 shares of the company’s stock worth $500,000 after buying an additional 900 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of Prudential PLC by 6.4% in the second quarter. Raymond James Trust N.A. now owns 15,328 shares of the company’s stock worth $521,000 after buying an additional 920 shares during the last quarter. 1.44% of the stock is owned by institutional investors and hedge funds.
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Prudential PLC (NYSE:PUK) traded up 1.91% on Tuesday, reaching $34.18. The company had a trading volume of 310,907 shares. The company has a 50-day moving average of $36.05 and a 200 day moving average of $36.63. The stock has a market cap of $43.88 billion, a price-to-earnings ratio of 18.80 and a beta of 1.70. Prudential PLC has a one year low of $29.14 and a one year high of $48.54.
The business also recently announced a dividend, which was paid on Thursday, October 6th. Stockholders of record on Friday, August 26th were issued a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, August 24th.
Prudential PLC Company Profile
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.
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