Prudential’s (PRU) Overweight Rating Reaffirmed at Barclays
Barclays reissued their overweight rating on shares of Prudential (LON:PRU) in a report released on Thursday morning. They currently have a GBX 2,169 ($29.05) target price on the financial services provider’s stock, up from their previous target price of GBX 2,015 ($26.99).
A number of other research analysts have also recently issued reports on PRU. S&P Global set a GBX 1,900 ($25.45) price objective on shares of Prudential and gave the company a neutral rating in a report on Thursday, August 10th. Macquarie boosted their price objective on shares of Prudential from GBX 1,877 ($25.14) to GBX 1,977 ($26.48) and gave the company an outperform rating in a report on Friday, August 11th. Deutsche Bank restated a buy rating and set a GBX 2,000 ($26.78) price objective on shares of Prudential in a report on Friday, August 11th. Goldman Sachs Group set a GBX 2,000 ($26.78) price objective on shares of Prudential and gave the company a buy rating in a report on Friday, August 11th. Finally, UBS set a GBX 2,200 ($29.46) price objective on shares of Prudential and gave the company a buy rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Prudential currently has a consensus rating of Buy and a consensus target price of GBX 2,003.72 ($26.83).
Shares of Prudential (LON PRU) traded down GBX 44 ($0.59) during midday trading on Thursday, reaching GBX 1,815 ($24.31). 6,210,334 shares of the company were exchanged, compared to its average volume of 4,460,000. Prudential has a 52-week low of GBX 1,524 ($20.41) and a 52-week high of GBX 1,933.50 ($25.89).
In other Prudential news, insider Anthony Nightingale acquired 20,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of GBX 1,788 ($23.95) per share, with a total value of £357,600 ($478,907.19). In the last three months, insiders bought 20,031 shares of company stock worth $35,815,785.
Prudential Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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