Prudential plc (PRU) Given Consensus Recommendation of “Buy” by Brokerages
Prudential plc (LON:PRU) has been assigned a consensus recommendation of “Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,951.82 ($25.89).
A number of analysts have recently commented on PRU shares. Morgan Stanley set a GBX 2,084 ($27.64) price objective on shares of Prudential plc and gave the stock a “buy” rating in a research report on Tuesday, July 4th. UBS AG set a GBX 2,200 ($29.18) target price on shares of Prudential plc and gave the stock a “buy” rating in a report on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 2,000 ($26.53) target price on shares of Prudential plc in a research report on Wednesday, July 26th. Royal Bank Of Canada set a GBX 1,620 ($21.49) price target on shares of Prudential plc and gave the company a “neutral” rating in a research note on Friday, July 21st. Finally, Barclays PLC set a GBX 2,015 ($26.73) price target on shares of Prudential plc and gave the company a “buy” rating in a research note on Friday, September 8th.
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In other Prudential plc news, insider Anthony Nightingale purchased 20,000 shares of the stock in a transaction on Friday, September 29th. The shares were purchased at an average price of GBX 1,788 ($23.72) per share, with a total value of £357,600 ($474,333.47). Insiders have purchased 20,031 shares of company stock valued at $35,815,855 in the last quarter.
Prudential plc (LON PRU) traded down 0.48% during midday trading on Wednesday, hitting GBX 1780.00. 3,283,366 shares of the company traded hands. The stock’s 50-day moving average is GBX 1,786.76 and its 200-day moving average is GBX 1,763.49. The firm’s market capitalization is GBX 45.82 billion. Prudential plc has a 12-month low of GBX 1,290.00 and a 12-month high of GBX 1,889.50.
The company also recently announced a dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 24th were paid a GBX 14.50 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a yield of 0.79%.
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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