Prudential PLC (NYSE:PUK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $30.23, but opened at $30.58. Prudential PLC shares last traded at $31.71, with a volume of 778,517 shares trading hands.

PUK has been the subject of several recent analyst reports. BNP Paribas began coverage on shares of Prudential PLC in a report on Thursday, March 24th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Prudential PLC in a report on Monday, March 14th. Sanford C. Bernstein dropped their price objective on shares of Prudential PLC from $57.50 to $49.50 and set an “outperform” rating for the company in a report on Wednesday, March 16th. Zacks Investment Research lowered shares of Prudential PLC from a “hold” rating to a “sell” rating in a report on Thursday, March 31st. Finally, Societe Generale lowered shares of Prudential PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.50.

The firm has a market cap of $40.57 billion and a P/E ratio of 11.87. The company has a 50 day moving average price of $36.35 and a 200-day moving average price of $37.83.

A number of hedge funds have recently bought and sold shares of PUK. Hansberger Growth Investors LP increased its stake in Prudential PLC by 3.1% in the fourth quarter. Hansberger Growth Investors LP now owns 61,190 shares of the company’s stock valued at $2,758,000 after buying an additional 1,828 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Prudential PLC during the fourth quarter valued at $3,950,000. Comerica Bank increased its stake in Prudential PLC by 2.8% in the fourth quarter. Comerica Bank now owns 99,513 shares of the company’s stock valued at $3,955,000 after buying an additional 2,744 shares during the last quarter. TD Asset Management Inc. increased its stake in Prudential PLC by 10.2% in the fourth quarter. TD Asset Management Inc. now owns 86,787 shares of the company’s stock valued at $4,319,000 after buying an additional 8,023 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Prudential PLC by 18.0% in the fourth quarter. Neuberger Berman Group LLC now owns 261,853 shares of the company’s stock valued at $11,804,000 after buying an additional 39,887 shares during the last quarter.

Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.

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