Prudential plc (PRU) Stock Rating Reaffirmed by HSBC Holdings plc
Prudential plc (LON:PRU)‘s stock had its “buy” rating reiterated by equities researchers at HSBC Holdings plc in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,980 ($25.05) target price on the financial services provider’s stock. HSBC Holdings plc’s target price points to a potential upside of 10.46% from the company’s previous close.
A number of other analysts have also weighed in on the stock. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.30) price objective on shares of Prudential plc and gave the company a “buy” rating in a research note on Tuesday, June 6th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,000 ($25.30) price objective on shares of Prudential plc in a research note on Monday, May 22nd. Panmure Gordon restated a “buy” rating and set a GBX 2,061 ($26.07) price objective on shares of Prudential plc in a research note on Friday, May 19th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 2,045 ($25.87) price target on shares of Prudential plc in a research note on Friday, May 19th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,705 ($21.57) price target on shares of Prudential plc in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Prudential plc currently has an average rating of “Buy” and an average target price of GBX 1,838.63 ($23.26).
Prudential plc (PRU) traded up 1.0713% during midday trading on Tuesday, hitting GBX 1787.2186. 8,039,428 shares of the stock traded hands. The stock’s market capitalization is GBX 45.94 billion. Prudential plc has a 52 week low of GBX 1,096.00 and a 52 week high of GBX 1,812.50. The stock’s 50-day moving average price is GBX 1,754.24 and its 200-day moving average price is GBX 1,657.98.
In other Prudential plc news, insider John W. Foley sold 22,807 shares of Prudential plc stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of GBX 1,663 ($21.04), for a total transaction of £379,280.41 ($479,798.12). Also, insider Tony Paul Wilkey sold 147,537 shares of Prudential plc stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of GBX 1,663 ($21.04), for a total transaction of £2,453,540.31 ($3,103,782.81). In the last three months, insiders purchased 31 shares of company stock worth $53,478.
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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