Prudential plc (PRU) Price Target Increased to GBX 2,166 by Analysts at Morgan Stanley
Prudential plc (LON:PRU) had its price target hoisted by equities researchers at Morgan Stanley from GBX 2,092 ($27.80) to GBX 2,166 ($28.78) in a report issued on Thursday. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 16.05% from the company’s previous close.
A number of other research firms have also issued reports on PRU. UBS AG set a GBX 2,200 ($29.23) target price on Prudential plc and gave the company a “buy” rating in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,000 ($26.57) target price on shares of Prudential plc in a report on Wednesday, July 26th. Royal Bank Of Canada set a GBX 1,620 ($21.53) target price on Prudential plc and gave the company a “neutral” rating in a report on Friday, July 21st. Barclays PLC set a GBX 2,015 ($26.77) target price on Prudential plc and gave the company a “buy” rating in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 2,000 ($26.57) target price on shares of Prudential plc in a report on Tuesday, July 4th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Prudential plc currently has an average rating of “Buy” and an average price target of GBX 1,958.61 ($26.02).
Prudential plc (PRU) traded up 1.66% on Thursday, hitting GBX 1866.50. The stock had a trading volume of 5,282,582 shares. Prudential plc has a 52-week low of GBX 1,290.00 and a 52-week high of GBX 1,889.50. The firm’s 50-day moving average is GBX 1,791.76 and its 200-day moving average is GBX 1,771.93. The company’s market cap is GBX 48.05 billion.
In other news, insider Anthony Nightingale bought 20,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of GBX 1,788 ($23.76) per share, for a total transaction of £357,600 ($475,152.80). Insiders have bought 20,031 shares of company stock worth $35,816,115 in the last quarter.
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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