Prudential plc (LON:PRU) Stock Rating Reaffirmed by Barclays PLC
Prudential plc (LON:PRU)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a research report issued to clients and investors on Friday. They presently have a GBX 1,949 ($25.45) price target on the financial services provider’s stock. Barclays PLC’s price objective would indicate a potential upside of 8.28% from the company’s current price.
A number of other analysts have also issued reports on the stock. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 2,045 ($26.70) price objective on shares of Prudential plc in a research note on Friday, May 19th. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Prudential plc from GBX 1,775 ($23.18) to GBX 2,000 ($26.12) and gave the company a “buy” rating in a research note on Monday, May 8th. Morgan Stanley reiterated an “overweight” rating and set a GBX 2,095 ($27.36) price objective on shares of Prudential plc in a research note on Thursday, April 27th. HSBC Holdings plc lifted their price objective on shares of Prudential plc from GBX 1,890 ($24.68) to GBX 1,980 ($25.86) and gave the company a “buy” rating in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,000 ($26.12) price objective on shares of Prudential plc in a research note on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. Prudential plc has a consensus rating of “Buy” and a consensus price target of GBX 1,877.89 ($24.52).
Shares of Prudential plc (LON PRU) traded up 0.70% during midday trading on Friday, reaching GBX 1800.00. 4,307,535 shares of the company traded hands. The company’s 50 day moving average is GBX 1,779.85 and its 200-day moving average is GBX 1,692.18. Prudential plc has a 12 month low of GBX 1,290.00 and a 12 month high of GBX 1,831.50. The stock’s market capitalization is GBX 46.27 billion.
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In other Prudential plc news, insider Lord J. Adair Turner acquired 1,000 shares of the firm’s stock in a transaction on 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 have bought 1,030 shares of company stock valued at $1,854,950 in the last three months.
Prudential plc Company Profile
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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