Prudential Public Limited Company (NYSE:PUK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Prudential Public Limited Company (NYSE:PUK) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company.

PUK has been the topic of a number of research analyst reports. Barclays reissued an “overweight” rating on shares of Prudential Public in a report on Monday, September 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating on shares of Prudential Public in a research report on Wednesday, October 29th. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, UBS Group reiterated a “buy” rating on shares of Prudential Public in a research report on Thursday, August 28th.

Institutional Investors Weigh In On Prudential Public

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in shares of Prudential Public by 59.9% during the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Prudential Public by 70.7% during the 3rd quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 443 shares during the period. Assetmark Inc. grew its position in Prudential Public by 448.0% during the 3rd quarter. Assetmark Inc. now owns 1,633 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,335 shares during the last quarter. Larson Financial Group LLC grew its position in Prudential Public by 626.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Prudential Public by 38.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 707 shares during the period. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Public Price Performance

Shares of NYSE PUK opened at $28.97 on Friday. The stock’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $26.30. Prudential Public has a fifty-two week low of $14.39 and a fifty-two week high of $29.82.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.