Prudential Public Limited Company (NYSE:PUK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $52.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 9.54% from the company’s current price.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Other research analysts have also issued reports about the stock. BidaskClub raised shares of Prudential Public Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Prudential Public Limited in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.20.

Shares of Prudential Public Limited (NYSE PUK) opened at 47.47 on Wednesday. The company has a market capitalization of $61.01 billion, a PE ratio of 24.15 and a beta of 1.58. The firm’s 50-day moving average price is $45.98 and its 200 day moving average price is $43.01. Prudential Public Limited has a 52 week low of $32.52 and a 52 week high of $47.65.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atria Investments LLC raised its position in Prudential Public Limited by 0.4% in the first quarter. Atria Investments LLC now owns 6,325 shares of the financial services provider’s stock worth $268,000 after buying an additional 24 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Prudential Public Limited by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 17,789 shares of the financial services provider’s stock worth $753,000 after buying an additional 63 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Prudential Public Limited by 2.2% in the first quarter. Checchi Capital Advisers LLC now owns 8,035 shares of the financial services provider’s stock worth $340,000 after buying an additional 174 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Prudential Public Limited by 1.3% in the second quarter. Bank of Montreal Can now owns 21,070 shares of the financial services provider’s stock worth $969,000 after buying an additional 268 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in shares of Prudential Public Limited by 1.2% in the first quarter. Earnest Partners LLC now owns 32,343 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 397 shares in the last quarter. 1.65% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Limited 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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Analyst Recommendations for Prudential Public Limited (NYSE:PUK)

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