Prudential plc’s (PRU) Underweight Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. restated their underweight rating on shares of Prudential plc (LON:PRU) in a research report report published on Wednesday morning. They currently have a GBX 1,450 ($17.91) target price on the stock.
PRU has been the topic of a number of 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 research note on Friday, January 13th. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) target price on shares of Prudential plc and gave the company a buy rating in a research note on Wednesday, November 23rd. BNP Paribas boosted their target price 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 note on Tuesday, November 29th. Deutsche Bank AG set a GBX 1,775 ($21.92) target price on shares of Prudential plc and gave the company a buy rating in a research note on Tuesday, December 13th. Finally, Barclays PLC reiterated 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 research note on Monday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 1,753.37 ($21.65).
Shares of 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’s 50 day moving average is GBX 1,631.54 and its 200-day moving average is GBX 1,522.44. The company’s market cap is GBX 45.36 billion.
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The firm also recently announced a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be issued a dividend of GBX 30.57 ($0.38) per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a dividend yield of 1.78%. This is a positive change 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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