Prudential Public (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “
Separately, ValuEngine cut Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Prudential Public has an average rating of “Buy” and a consensus target price of $60.00.
Institutional investors have recently bought and sold shares of the business. Rathbone Brothers plc bought a new position in shares of Prudential Public during the 4th quarter worth approximately $207,000. Boston Private Wealth LLC bought a new position in shares of Prudential Public during the 3rd quarter worth approximately $201,000. Stevens Capital Management LP bought a new position in shares of Prudential Public during the 3rd quarter worth approximately $204,000. Lake Street Advisors Group LLC bought a new position in shares of Prudential Public during the 4th quarter worth approximately $243,000. Finally, River Road Asset Management LLC bought a new position in shares of Prudential Public during the 4th quarter worth approximately $299,000. Hedge funds and other institutional investors own 1.57% of the company’s stock.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/03/14/prudential-public-puk-downgraded-by-zacks-investment-research-to-hold.html.
Prudential Public 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Prudential Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public and related companies with MarketBeat.com's FREE daily email newsletter.