Prudential PLC (PUK) Shares Gap Up to $36.50
Prudential PLC (NYSE:PUK) gapped up before the market opened on Tuesday . The stock had previously closed at $36.23, but opened at $36.50. Prudential PLC shares last traded at $36.89, with a volume of 336,276 shares traded.
PUK has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut Prudential PLC from a “neutral” rating to an “underweight” rating in a research note on Tuesday, July 5th. Bank of America Corp. set a $42.40 target price on Prudential PLC and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research cut Prudential PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Societe Generale cut Prudential PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.95.
The stock has a market cap of $46.18 billion and a P/E ratio of 19.26. The company has a 50-day moving average of $35.14 and a 200-day moving average of $36.73.
The business also recently announced a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, August 26th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Wednesday, August 24th.
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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