Prudential plc (PRU) Receives Average Rating of “Buy” from Analysts
Shares of Prudential plc (LON:PRU) have received an average rating of “Buy” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,917.71 ($24.77).
Several brokerages have issued reports on PRU. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,980 ($25.57) price target on shares of Prudential plc in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.83) price target on shares of Prudential plc and gave the company a “buy” rating in a report on Tuesday, June 6th. Credit Suisse Group set a GBX 2,075 ($26.80) price target on shares of Prudential plc and gave the company a “buy” rating in a report on Friday, August 18th. J P Morgan Chase & Co boosted their price target on shares of Prudential plc from GBX 1,705 ($22.02) to GBX 1,800 ($23.25) and gave the company a “neutral” rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,000 ($25.83) target price on shares of Prudential plc in a report on Thursday, August 17th.
Shares of Prudential plc (PRU) traded up 0.26% during mid-day trading on Friday, reaching GBX 1762.00. 1,759,998 shares of the company traded hands. Prudential plc has a 52-week low of GBX 1,290.00 and a 52-week high of GBX 1,889.50. The stock’s market capitalization is GBX 45.36 billion. The stock’s 50 day moving average is GBX 1,815.07 and its 200 day moving average is GBX 1,747.53.
Prudential plc (LON:PRU) last announced its quarterly earnings results on Thursday, August 10th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Prudential plc had a net margin of 3.50% and a return on equity of 19.94%. On average, analysts anticipate that Prudential plc will post $142.55 earnings per share for the current year.
The business also recently disclosed a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 24th will be issued a dividend of GBX 14.50 ($0.19) per share. This represents a yield of 0.79%. The ex-dividend date is Thursday, August 24th.
In related news, insider Lord J. Adair Turner acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were purchased at an average price of GBX 1,802 ($23.27) per share, with a total value of £18,020 ($23,272.63). In the last three months, insiders have acquired 1,020 shares of company stock worth $1,838,660.
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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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