Prudential PLC (NYSE:PUK)’s share price shot up 6.2% on Tuesday . The stock 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 equities analysts recently commented on PUK shares. JPMorgan Chase & Co. cut Prudential PLC from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 5th. Zacks Investment Research cut Prudential PLC from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Societe Generale cut Prudential PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. BNP Paribas started coverage on Prudential PLC in a report on Thursday, March 24th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein decreased their target price on Prudential PLC from $57.50 to $49.50 and set an “outperform” rating on the stock in a report on Wednesday, March 16th. Two research 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. Prudential PLC presently has an average rating of “Hold” and an average target price of $49.50.

The firm has a market capitalization of $43.45 billion and a price-to-earnings ratio of 12.99. The stock has a 50 day moving average price of $35.85 and a 200 day moving average price of $37.56.

A number of institutional investors have recently added to or reduced their stakes in the company. Hansberger Growth Investors LP raised its position 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 in the last quarter. Eagle Asset Management Inc. purchased a new position in Prudential PLC during the fourth quarter valued at about $3,950,000. Comerica Bank raised its position 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 in the last quarter. TD Asset Management Inc. raised its position 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 in the last quarter. Finally, Neuberger Berman Group LLC raised its position 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 in 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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