Prudential (PRU) Earns Overweight Rating from Morgan Stanley

Prudential (LON:PRU)‘s stock had its “overweight” rating reiterated by equities research analysts at Morgan Stanley in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 2,428 ($31.73) price objective on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 42.91% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada set a GBX 1,750 ($22.87) price target on shares of Prudential and gave the company a “neutral” rating in a research note on Wednesday, March 20th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,000 ($26.13) price target (down previously from GBX 2,100 ($27.44)) on shares of Prudential in a research note on Friday, February 1st. Barclays reaffirmed a “top pick” rating on shares of Prudential in a research note on Monday, January 21st. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,750 ($22.87) price target on shares of Prudential in a research note on Monday, January 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Prudential from GBX 1,522 ($19.89) to GBX 1,558 ($20.36) and gave the company a “neutral” rating in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Prudential presently has an average rating of “Buy” and an average price target of GBX 2,041.33 ($26.67).

PRU traded up GBX 27 ($0.35) during trading on Monday, reaching GBX 1,699 ($22.20). The company had a trading volume of 2,741,522 shares, compared to its average volume of 4,740,000. The company has a debt-to-equity ratio of 113.46, a quick ratio of 0.14 and a current ratio of 1.17. Prudential has a 12 month low of GBX 1,325 ($17.31) and a 12 month high of GBX 1,962 ($25.64). The firm has a market cap of $44.00 billion and a P/E ratio of 14.55.

In other news, insider Mike Wells sold 149,122 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of GBX 1,561 ($20.40), for a total value of £2,327,794.42 ($3,041,675.71).

Prudential Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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