Prudential plc (PRU) Earns “Outperform” Rating from BNP Paribas
Prudential plc (LON:PRU)‘s stock had its “outperform” rating restated by BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 1,880 ($23.22) price target on the stock. BNP Paribas’ price target indicates a potential upside of 6.30% from the stock’s current price.
PRU has been the topic of a number of other reports. HSBC Holdings plc restated a “buy” rating and issued a GBX 1,890 ($23.34) target price on shares of Prudential plc in a report on Thursday, February 2nd. Royal Bank of Canada boosted their target price on shares of Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the stock a “sector performer” rating in a report on Friday. Barclays PLC restated an “overweight” rating and issued a GBX 1,845 ($22.79) target price (up from GBX 1,748 ($21.59)) on shares of Prudential plc in a report on Monday, December 12th. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) target price on shares of Prudential plc and gave the stock a “buy” rating in a report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Prudential plc to a “neutral” rating and boosted their target price for the stock from GBX 1,450 ($17.91) to GBX 1,705 ($21.06) in a report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 1,753.37 ($21.65).
Prudential plc (LON:PRU) traded up 0.45% during trading on Monday, reaching GBX 1768.50. 3,928,994 shares of the company were exchanged. The company’s 50-day moving average price is GBX 1,631.54 and its 200-day moving average price is GBX 1,522.44. The stock’s market capitalization is GBX 45.36 billion. Prudential plc has a 1-year low of GBX 1,096.00 and a 1-year high of GBX 1,801.50.
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The business also recently disclosed a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, March 30th will be given a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. This is a boost from Prudential plc’s previous dividend of $12.93. The ex-dividend date of this dividend is Thursday, March 30th.
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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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