Prudential plc (PRU) Earns “Buy” Rating from Deutsche Bank AG
Prudential plc (LON:PRU)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report issued on Thursday, StockTargetPrices.com reports. They currently have a GBX 2,000 ($25.96) price target on the financial services provider’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 10.44% from the company’s current price.
A number of other brokerages have also recently issued reports on PRU. J P Morgan Chase & Co upped their target price on Prudential plc from GBX 1,705 ($22.13) to GBX 1,800 ($23.37) and gave the company a “neutral” rating in a research report on Tuesday, August 1st. S&P Global set a GBX 1,900 ($24.67) target price on Prudential plc and gave the company a “neutral” rating in a research report on Thursday, August 10th. UBS AG set a GBX 2,200 ($28.56) target price on Prudential plc and gave the company a “buy” rating in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.96) target price on Prudential plc and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Macquarie upped their target price on Prudential plc from GBX 1,877 ($24.37) to GBX 1,977 ($25.67) and gave the company an “outperform” rating in a research report on Friday, August 11th. One investment 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 currently has an average rating of “Buy” and an average price target of GBX 1,907.50 ($24.76).
Prudential plc (PRU) traded down 0.14% during trading on Thursday, hitting GBX 1811.00. The stock had a trading volume of 3,618,345 shares. Prudential plc has a one year low of GBX 1,290.00 and a one year high of GBX 1,889.50. The company’s market cap is GBX 46.62 billion. The firm has a 50 day moving average of GBX 1,805.91 and a 200-day moving average of GBX 1,726.11.
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In other Prudential plc news, insider Lord J. Adair Turner bought 1,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was acquired at an average cost of GBX 1,802 ($23.39) per share, with a total value of £18,020 ($23,393.48). Over the last three months, insiders have bought 1,030 shares of company stock valued at $1,856,180.
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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