Prudential plc (PRU) Rating Reiterated by Deutsche Bank AG
Prudential plc (LON:PRU)‘s stock had its “buy” rating restated by Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 2,000 ($26.02) price objective on the financial services provider’s stock. Deutsche Bank AG’s price target indicates a potential upside of 15.24% from the company’s current price.
Several other analysts have also issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,921 ($24.99) target price on shares of Prudential plc in a research note on Monday, March 27th. S&P Global set a GBX 1,800 ($23.42) target price on Prudential plc and gave the stock a “neutral” rating in a research note on Tuesday, March 14th. HSBC Holdings plc upped their target price on Prudential plc from GBX 1,890 ($24.59) to GBX 1,980 ($25.76) and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Prudential plc in a research note on Thursday, April 20th. Finally, Credit Suisse Group AG initiated coverage on Prudential plc in a research note on Thursday, April 27th. They issued an “outperform” rating and a GBX 2,045 ($26.60) target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,827.63 ($23.78).
Prudential plc (LON:PRU) traded down 1.17% during midday trading on Monday, hitting GBX 1735.50. 3,829,394 shares of the stock were exchanged. The company’s market capitalization is GBX 44.61 billion. Prudential plc has a 1-year low of GBX 1,096.00 and a 1-year high of GBX 1,801.50. The company’s 50 day moving average is GBX 1,707.71 and its 200 day moving average is GBX 1,622.29.
The firm also recently announced a dividend, which was paid on Friday, May 19th. Investors of record on Thursday, March 30th were issued a dividend of GBX 30.57 ($0.40) per share. This represents a dividend yield of 1.78%. The ex-dividend date was Thursday, March 30th. This is an increase from Prudential plc’s previous dividend of $12.93.
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In related news, insider Tony Paul Wilkey sold 147,537 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of GBX 1,663 ($21.63), for a total transaction of £2,453,540.31 ($3,191,804.75). Also, insider John W. Foley sold 22,807 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of GBX 1,663 ($21.63), for a total value of £379,280.41 ($493,404.98). In the last 90 days, insiders have purchased 32 shares of company stock valued at $53,998.
About Prudential plc
Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.
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