Prudential PLC (NYSE:PUK) shares shot up 6.2% during mid-day trading on Tuesday . The company traded as high as $34.31 and last traded at $34.26, with a volume of 827,997 shares trading hands. The stock had previously closed at $32.25.

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

The company has a market capitalization of $43.82 billion and a price-to-earnings ratio of 13.10. The company has a 50 day moving average of $36.17 and a 200 day moving average of $37.62.

A number of hedge funds recently made changes to their positions in the company. Hansberger Growth Investors LP boosted its stake in shares of 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. Comerica Bank boosted its stake in shares of 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. boosted its stake in shares of 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. Neuberger Berman Group LLC boosted its stake in shares of 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. Finally, Eagle Asset Management Inc. bought a new stake in shares of Prudential PLC during the fourth quarter valued at approximately $3,950,000.

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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