Societe Generale Increases Prudential plc (PRU) Price Target to GBX 1,790
Prudential plc (LON:PRU) had its target price boosted by investment analysts at Societe Generale from GBX 1,725 ($22.28) to GBX 1,790 ($23.12) in a report issued on Thursday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Societe Generale’s target price points to a potential upside of 2.81% from the stock’s previous close.
Several other equities analysts have also recently issued reports on PRU. UBS AG set a GBX 2,000 ($25.83) price objective on Prudential plc and gave the stock a “buy” rating in a research note on Friday, May 19th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($25.83) price objective on Prudential plc and gave the stock a “buy” rating in a research note on Friday, August 11th. Shore Capital restated a “buy” rating on shares of Prudential plc in a research note on Friday, August 11th. S&P Global set a GBX 1,900 ($24.54) price objective on Prudential plc and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Finally, Morgan Stanley raised their price objective 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. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 1,954.50 ($25.24).
Prudential plc (LON:PRU) opened at 1741.00 on Thursday. Prudential plc has a 12-month low of GBX 1,290.00 and a 12-month high of GBX 1,889.50. The stock’s market capitalization is GBX 44.82 billion. The firm’s 50-day moving average is GBX 1,812.00 and its 200 day moving average is GBX 1,752.98.
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In other news, insider Lord J. Adair Turner bought 1,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average cost of GBX 1,802 ($23.27) per share, with a total value of £18,020 ($23,272.63). Over the last ninety days, insiders have purchased 1,031 shares of company stock worth $1,857,855.
Prudential plc Company Profile
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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