David J. A. Law Buys 3,577 Shares of Prudential plc (PRU) Stock
Prudential plc (LON:PRU) insider David J. A. Law purchased 3,577 shares of Prudential plc stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of GBX 1,388 ($18.12) per share, with a total value of £49,648.76 ($64,807.15).
Shares of Prudential plc (LON:PRU) traded up 1.94% during mid-day trading on Tuesday, reaching GBX 1422.00. The company’s stock had a trading volume of 3,216,448 shares. The company’s market cap is GBX 36.51 billion. The company has a 50-day moving average of GBX 1,382.10 and a 200-day moving average of GBX 1,334.76. Prudential plc has a 12 month low of GBX 1,085.00 and a 12 month high of GBX 1,578.50.
The company also recently announced a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were issued a dividend of GBX 12.93 ($0.17) per share. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 0.91%.
A number of analysts have recently issued reports on PRU shares. JPMorgan Chase & Co. cut Prudential plc to an “underweight” rating and cut their price objective for the company from GBX 1,372 ($17.91) to GBX 1,252 ($16.34) in a research report on Tuesday, July 5th. Shore Capital reaffirmed a “buy” rating on shares of Prudential plc in a research report on Friday, June 24th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 1,750 ($22.84) price objective on shares of Prudential plc in a research report on Wednesday, August 17th. Royal Bank Of Canada reaffirmed a “sector performer” rating on shares of Prudential plc in a research report on Wednesday, August 10th. Finally, Morgan Stanley set a GBX 1,677 ($21.89) price objective on Prudential plc and gave the company a “buy” rating in a research report on Friday, June 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 1,591.55 ($20.77).
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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