Prudential plc (PRU) Price Target Raised to GBX 1,437 at Jefferies Group
Prudential plc (LON:PRU) had its target price increased by Jefferies Group from GBX 1,416 ($18.48) to GBX 1,437 ($18.76) in a research report released on Thursday morning. The brokerage currently has a hold rating on the stock.
PRU has been the subject of a number of other research reports. Barclays PLC reissued an overweight rating and issued a GBX 1,609 ($21.00) price objective on shares of Prudential plc in a research report on Monday, July 11th. Panmure Gordon decreased their price objective on shares of Prudential plc from GBX 1,891 ($24.68) to GBX 1,545 ($20.17) and set a buy rating for the company in a research report on Wednesday, August 3rd. Societe Generale reaffirmed a hold rating and set a GBX 1,400 ($18.27) target price on shares of Prudential plc in a report on Thursday, August 11th. HSBC lifted their target price on shares of Prudential plc from GBX 1,570 ($20.49) to GBX 1,680 ($21.93) and gave the stock a buy rating in a report on Wednesday, September 14th. Finally, Shore Capital reaffirmed a buy rating on shares of Prudential plc in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 1,588.59 ($20.74).
Shares of Prudential plc (LON:PRU) opened at 1405.657 on Thursday. The firm’s 50-day moving average is GBX 1,383.90 and its 200 day moving average is GBX 1,332.43. The company’s market capitalization is GBX 36.09 billion. Prudential plc has a 52 week low of GBX 1,045.99 and a 52 week high of GBX 1,578.50.
The firm also recently announced a dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th will be issued a dividend of GBX 12.93 ($0.17) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 25th.
In other Prudential plc news, insider Turner,Lord J. Adair bought 1,500 shares of Prudential plc stock in a transaction on Monday, June 27th. The shares were purchased at an average cost of GBX 1,178 ($15.38) per share, with a total value of £17,670 ($23,064.87).
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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