Prudential plc (PRU) Given “Buy” Rating at Deutsche Bank AG
Deutsche Bank AG reissued their buy rating on shares of Prudential plc (LON:PRU) in a research note issued to investors on Wednesday morning. The brokerage currently has a GBX 2,000 ($24.70) target price on the stock, up from their previous target price of GBX 1,775 ($21.92).
PRU has been the subject of several other reports. HSBC Holdings plc set a GBX 1,890 ($23.34) target price on shares of Prudential plc and gave the company a buy rating in a report on Friday, January 13th. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) price target on shares of Prudential plc and gave the company a buy rating in a research report on Wednesday, November 23rd. BNP Paribas raised their price target on shares of Prudential plc from GBX 1,700 ($21.00) to GBX 1,800 ($22.23) and gave the company an outperform rating in a research report on Tuesday, November 29th. JPMorgan Chase & Co. raised their price target on shares of Prudential plc from GBX 1,252 ($15.46) to GBX 1,450 ($17.91) and gave the company an underweight rating in a research report on Thursday, January 5th. Finally, Barclays PLC reissued an overweight rating and set a GBX 1,845 ($22.79) price target (up previously from GBX 1,748 ($21.59)) on shares of Prudential plc in a research report on Monday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of GBX 1,753.37 ($21.65).
Prudential plc (LON:PRU) opened at 1768.50 on Wednesday. Prudential plc has a 1-year low of GBX 1,096.00 and a 1-year high of GBX 1,801.50. The firm has a 50-day moving average price of GBX 1,631.54 and a 200 day moving average price of GBX 1,522.44. The firm’s market cap is GBX 45.36 billion.
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The business also recently announced 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%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from Prudential plc’s previous dividend of $12.93.
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.
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