Prudential (PRU) PT Set at GBX 1,800 by JPMorgan Chase & Co.
JPMorgan Chase & Co. set a GBX 1,800 ($24.41) price target on Prudential (LON:PRU) in a research report report published on Thursday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other research analysts have also issued reports on the stock. Deutsche Bank reaffirmed a buy rating and issued a GBX 2,000 ($27.12) target price on shares of Prudential in a research note on Thursday, October 5th. Jefferies Group raised their target price on shares of Prudential from GBX 1,771 ($24.02) to GBX 2,000 ($27.12) and gave the company a hold rating in a research note on Tuesday, November 7th. Societe Generale raised their target price on shares of Prudential from GBX 1,725 ($23.39) to GBX 1,790 ($24.27) and gave the company a hold rating in a research note on Thursday, September 14th. Citigroup reaffirmed a buy rating and issued a GBX 2,109 ($28.60) target price on shares of Prudential in a research note on Thursday, November 2nd. Finally, Morgan Stanley raised their target price on shares of Prudential from GBX 2,092 ($28.37) to GBX 2,166 ($29.37) and gave the company an overweight rating in a research note on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 2,027.68 ($27.50).
Shares of Prudential (LON PRU) traded up GBX 2 ($0.03) during midday trading on Thursday, hitting GBX 1,973.50 ($26.76). 3,795,090 shares of the stock traded hands, compared to its average volume of 3,820,000. The company has a market cap of $51,060.00 and a price-to-earnings ratio of 1,844.39. Prudential has a one year low of GBX 1,524 ($20.67) and a one year high of GBX 1,984 ($26.91).
In other Prudential news, insider Anne Richards acquired 21,408 shares of the stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). Also, insider David J. A. Law acquired 2,162 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average price of GBX 1,837 ($24.91) per share, for a total transaction of £39,715.94 ($53,859.43). Insiders have acquired a total of 23,600 shares of company stock worth $43,268,288 over the last 90 days.
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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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