Prudential PLC (PUK) Stock Rating Lowered by Societe Generale
Prudential PLC (NYSE:PUK) was downgraded by stock analysts at Societe Generale from a “hold” rating to a “sell” rating in a report released on Wednesday.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Prudential PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. JPMorgan Chase & Co. restated a “sell” rating on shares of Prudential PLC in a research note on Tuesday, September 6th. Finally, Bank of America Corp. set a $42.40 price target on Prudential PLC and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Prudential PLC presently has a consensus rating of “Hold” and a consensus target price of $44.63.
Shares of Prudential PLC (NYSE:PUK) opened at 34.13 on Wednesday. Prudential PLC has a one year low of $29.14 and a one year high of $48.54. The firm has a 50-day moving average price of $36.16 and a 200 day moving average price of $36.68. The stock has a market capitalization of $43.82 billion, a PE ratio of 18.77 and a beta of 1.70.
The business also recently announced a dividend, which was paid on Thursday, October 6th. Shareholders of record on Friday, August 26th were paid a $0.335 dividend. The ex-dividend date of this dividend was Wednesday, August 24th.
Several hedge funds and other institutional investors have recently made changes to their positions in PUK. Rock Point Advisors LLC increased its position in shares of Prudential PLC by 56.6% in the second quarter. Rock Point Advisors LLC now owns 195,615 shares of the company’s stock valued at $6,653,000 after buying an additional 70,730 shares during the period. Bank of Montreal Can bought a new position in shares of Prudential PLC during the second quarter valued at $1,336,000. CIBC World Markets Inc. bought a new position in shares of Prudential PLC during the second quarter valued at $257,000. Capstone Asset Management Co. increased its position in shares of Prudential PLC by 54.1% in the second quarter. Capstone Asset Management Co. now owns 288,022 shares of the company’s stock valued at $9,796,000 after buying an additional 101,090 shares during the period. Finally, Founders Financial Securities LLC bought a new position in shares of Prudential PLC during the second quarter valued at $704,000. Institutional investors own 1.44% of the company’s stock.
Prudential PLC Company Profile
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.
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.