Prudential PLC (NYSE:PUK) shares traded up 1.9% on Wednesday . The company traded as high as $37.34 and last traded at $36.94, with a volume of 643,472 shares trading hands. The stock had previously closed at $36.24.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Prudential PLC from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 5th. Zacks Investment Research downgraded Prudential PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Societe Generale downgraded Prudential PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

The firm has a market capitalization of $47.17 billion and a P/E ratio of 13.73. The stock’s 50 day moving average price is $34.49 and its 200-day moving average price is $36.76.

An institutional investor recently raised its position in Prudential PLC stock. Eaton Vance Management boosted its position in Prudential PLC (NYSE:PUK) by 43.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,475 shares of the company’s stock after buying an additional 115,996 shares during the period. Eaton Vance Management’s holdings in Prudential PLC were worth $17,287,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.