Brokerages Set Prudential plc (LON:PRU) Target Price at $1,588.86
Shares of Prudential plc (LON:PRU) have been given a consensus rating of “Buy” by the twenty-three research firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 1,588.86 ($20.74).
A number of research firms recently commented on PRU. JPMorgan Chase & Co. downgraded Prudential plc to an “underweight” rating and decreased their price target for the stock from GBX 1,372 ($17.91) to GBX 1,252 ($16.34) in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. set a GBX 1,750 ($22.84) target price on shares of Prudential plc and gave the stock a “buy” rating in a report on Tuesday, June 28th. Deutsche Bank AG cut their target price on shares of Prudential plc from GBX 1,620 ($21.15) to GBX 1,385 ($18.08) and set a “hold” rating on the stock in a report on Wednesday, June 29th. Panmure Gordon cut their target price on shares of Prudential plc from GBX 1,891 ($24.68) to GBX 1,545 ($20.17) and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, HSBC cut their target price on shares of Prudential plc from GBX 1,945 ($25.39) to GBX 1,570 ($20.49) and set a “buy” rating on the stock in a report on Wednesday, June 29th.
In other news, insider Lord J. Adair Turner acquired 2,000 shares of the stock in a transaction on Thursday, September 29th. The shares were purchased at an average cost of GBX 1,398 ($18.25) per share, for a total transaction of £27,960 ($36,496.54). Also, insider Tony Paul Wilkey sold 47,182 shares of Prudential plc stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of GBX 1,401 ($18.29), for a total transaction of £661,019.82 ($862,837.51).
Shares of Prudential plc (LON:PRU) opened at 1395.00 on Thursday. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50. The firm’s market cap is GBX 35.82 billion. The company has a 50 day moving average price of GBX 1,382.10 and a 200-day moving average price of GBX 1,334.76.
The firm also recently declared a dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th were given a GBX 12.93 ($0.17) dividend. The ex-dividend date was Thursday, August 25th. This represents a yield of 0.91%.
About Prudential plc
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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