Canaccord Genuity Increases Prudential plc (PRU) Price Target to GBX 1,900
Prudential plc (LON:PRU) had its price objective hoisted by analysts at Canaccord Genuity from GBX 1,700 ($21.00) to GBX 1,900 ($23.47) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 7.44% from the stock’s previous close.
Several other brokerages also recently commented on PRU. JPMorgan Chase & Co. upgraded shares of Prudential plc to a “neutral” rating and boosted their price objective for the company from GBX 1,450 ($17.91) to GBX 1,705 ($21.06) in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the company a “sector performer” rating in a research report on Friday. Morgan Stanley set a GBX 2,095 ($25.87) price objective on shares of Prudential plc and gave the company a “buy” rating in a research report on Thursday, March 16th. Goldman Sachs Group Inc restated a “conviction-buy” rating and set a GBX 1,775 ($21.92) price objective on shares of Prudential plc in a research report on Wednesday, March 15th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 2,000 ($24.70) price objective (up from GBX 1,775 ($21.92)) on shares of Prudential plc in a research report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Prudential plc currently has an average rating of “Buy” and a consensus price target of GBX 1,753.37 ($21.65).
Prudential plc (LON:PRU) opened at 1768.50 on Friday. Prudential plc has a 52-week low of GBX 1,096.00 and a 52-week high of GBX 1,801.50. The company’s market capitalization is GBX 45.36 billion. The stock has a 50 day moving average price of GBX 1,631.54 and a 200 day moving average price of GBX 1,522.44.
The business also recently disclosed a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be issued a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. This is an increase from Prudential plc’s previous dividend of $12.93. The ex-dividend date of this dividend is Thursday, March 30th.
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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.
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