Barclays PLC Analysts Give Prudential plc (PRU) a GBX 2,015 Price Target
Prudential plc (LON:PRU) has been assigned a GBX 2,015 ($26.02) price target by equities research analysts at Barclays PLC in a research report issued on Friday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Barclays PLC’s target price suggests a potential upside of 14.36% from the company’s previous close.
A number of other analysts have also recently commented on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Prudential plc in a research report on Monday, September 4th. Berenberg Bank raised their price target on Prudential plc from GBX 2,200 ($28.41) to GBX 2,400 ($31.00) and gave the stock a “buy” rating in a research note on Thursday, August 31st. Credit Suisse Group set a GBX 2,075 ($26.80) price target on Prudential plc and gave the stock a “buy” rating in a research note on Friday, August 18th. Morgan Stanley raised their price target on Prudential plc from GBX 2,084 ($26.91) to GBX 2,092 ($27.02) and gave the stock an “overweight” rating in a research note on Monday, August 14th. Finally, Shore Capital reissued a “buy” rating on shares of Prudential plc in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 1,922.28 ($24.83).
Shares of Prudential plc (LON PRU) traded up 0.26% on Friday, hitting GBX 1762.00. 1,759,998 shares of the stock traded hands. The company’s market cap is GBX 45.36 billion. The firm’s 50 day moving average is GBX 1,815.07 and its 200-day moving average is GBX 1,747.53. Prudential plc has a 12 month low of GBX 1,290.00 and a 12 month high of GBX 1,889.50.
Prudential plc (LON:PRU) last posted its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.10. Prudential plc had a return on equity of 19.94% and a net margin of 3.50%. Equities analysts predict that Prudential plc will post $142.55 earnings per share for the current year.
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In related news, insider Lord J. Adair Turner bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were acquired at an average cost of GBX 1,802 ($23.27) per share, for a total transaction of £18,020 ($23,272.63). Insiders bought a total of 1,020 shares of company stock worth $1,838,660 over the last ninety days.
About Prudential plc
Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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