Prudential (LON:PRU) posted its quarterly earnings data on Wednesday. The financial services provider reported GBX 145.20 ($2.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 139 ($1.92) by GBX 6.20 ($0.09), Bloomberg Earnings reports. Prudential had a return on equity of 19.94% and a net margin of 3.50%. The firm had revenue of £4,400.50 billion during the quarter.
Shares of Prudential (LON PRU) traded up GBX 124.65 ($1.72) during mid-day trading on Wednesday, reaching GBX 1,950.16 ($26.94). The company had a trading volume of 5,663,642 shares, compared to its average volume of 4,250,000. The stock has a market cap of $47,230.00 and a PE ratio of 1,822.57. Prudential has a 52 week low of GBX 1,612.14 ($22.27) and a 52 week high of GBX 1,992.50 ($27.53).
A number of research firms have recently issued reports on PRU. Barclays reiterated an “overweight” rating on shares of Prudential in a report on Wednesday, January 24th. Societe Generale reiterated a “hold” rating and issued a GBX 1,790 ($24.73) price objective on shares of Prudential in a report on Friday, November 17th. Goldman Sachs Group set a GBX 2,290 ($31.64) price objective on Prudential and gave the stock a “buy” rating in a report on Wednesday, February 14th. Bank of America set a GBX 2,300 ($31.78) price objective on Prudential and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Citigroup set a GBX 2,186 ($30.20) price objective on Prudential and gave the stock a “buy” rating in a report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,065.89 ($28.54).
Prudential 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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