Prudential plc (PRU) Given Consensus Recommendation of “Buy” by Analysts
Prudential plc (LON:PRU) has been assigned a consensus recommendation of “Buy” from the nineteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 1,877.89 ($24.52).
A number of analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($26.12) price objective on Prudential plc and gave the company a “buy” rating in a research note on Tuesday, June 6th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 1,980 ($25.86) price objective on shares of Prudential plc in a research note on Tuesday, June 13th. Credit Suisse Group assumed coverage on Prudential plc in a research note on Thursday, April 27th. They set an “outperform” rating and a GBX 2,045 ($26.70) price objective on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 2,200 ($28.73) price objective on shares of Prudential plc in a research note on Tuesday, April 25th. Finally, Jefferies Group LLC boosted their price objective on Prudential plc from GBX 1,469 ($19.18) to GBX 1,771 ($23.13) and gave the company a “hold” rating in a research note on Monday, April 24th.
In other news, insider Lord J. Adair Turner bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was purchased at an average price of GBX 1,802 ($23.53) per share, with a total value of £18,020 ($23,530.95). Insiders bought a total of 1,030 shares of company stock valued at $1,854,950 in the last three months.
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Prudential plc (LON:PRU) traded up 0.70% during mid-day trading on Friday, hitting GBX 1800.00. The stock had a trading volume of 4,307,535 shares. The stock’s market capitalization is GBX 46.27 billion. The company’s 50 day moving average is GBX 1,779.29 and its 200-day moving average is GBX 1,691.43. Prudential plc has a 52 week low of GBX 1,290.00 and a 52 week high of GBX 1,831.50.
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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