Prudential plc (PRU) Receives Buy Rating from Panmure Gordon
Several other equities analysts have also issued reports on PRU. Goldman Sachs Group Inc. reiterated a conviction-buy rating and issued a GBX 1,900 ($24.80) price target on shares of Prudential plc in a research note on Wednesday, June 1st. Morgan Stanley set a GBX 1,677 ($21.89) price target on Prudential plc and gave the company a buy rating in a research note on Friday, June 17th. Shore Capital reiterated a buy rating on shares of Prudential plc in a research note on Friday, June 24th. BNP Paribas reiterated an outperform rating and issued a GBX 1,700 ($22.19) price target on shares of Prudential plc in a research note on Monday, June 27th. Finally, Bank of America Corp. set a GBX 1,560 ($20.36) price target on Prudential plc and gave the company a buy rating in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 1,591.55 ($20.77).
Shares of Prudential plc (LON:PRU) opened at 1425.00 on Thursday. The stock’s 50 day moving average price is GBX 1,383.62 and its 200-day moving average price is GBX 1,335.01. Prudential plc has a 52-week low of GBX 1,085.00 and a 52-week high of GBX 1,578.50. The firm’s market cap is GBX 36.59 billion.
The business also recently disclosed a dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th were paid a GBX 12.93 ($0.17) dividend. This represents a dividend yield of 0.91%. The ex-dividend date was Thursday, August 25th.
In related news, insider Lord J. Adair Turner acquired 2,000 shares of the stock in a transaction dated Thursday, September 29th. The stock was purchased at an average cost of GBX 1,398 ($18.25) per share, with a total value of £27,960 ($36,496.54). Also, 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).
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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