Prudential plc (PRU) Earns “Buy” Rating from Shore Capital
A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Prudential plc to an underweight rating and lowered their target price for the company from GBX 1,372 ($17.91) to GBX 1,252 ($16.34) in a research note on Tuesday, July 5th. Goldman Sachs Group Inc. restated a conviction-buy rating and issued a GBX 1,750 ($22.84) target price on shares of Prudential plc in a research note on Wednesday, August 17th. Royal Bank Of Canada restated a sector performer rating on shares of Prudential plc in a research note on Wednesday, August 10th. Morgan Stanley set a GBX 1,677 ($21.89) target price on Prudential plc and gave the company a buy rating in a research note on Friday, June 17th. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 1,385 ($18.08) target price on shares of Prudential plc in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. Prudential plc currently has a consensus rating of Buy and an average price target of GBX 1,591.55 ($20.77).
Prudential plc (LON:PRU) opened at 1417.00 on Thursday. The stock has a 50 day moving average price of GBX 1,382.10 and a 200 day moving average price 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 firm’s market cap is GBX 36.39 billion.
The business also recently announced a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were issued a GBX 12.93 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a dividend yield of 0.91%.
In other news, insider Tony Paul Wilkey sold 47,182 shares of the 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 value of £661,019.82 ($862,837.51). Also, insider Lord J. Adair Turner bought 2,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The stock was bought at an average cost of GBX 1,398 ($18.25) per share, with a total value of £27,960 ($36,496.54).
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.
Receive News & Ratings for Prudential plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential plc and related companies with MarketBeat.com's FREE daily email newsletter.