Shares of Prudential plc (LON:PRU) shot up 0% on Wednesday . The company traded as high as GBX 1,984.69 ($26.91) and last traded at GBX 1,977.50 ($26.82). 3,189,590 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 3,520,000 shares. The stock had previously closed at GBX 1,977.50 ($26.82).

A number of research firms recently weighed in on PRU. Citigroup set a GBX 2,186 ($29.64) price objective on Prudential and gave the company a “buy” rating in a report on Friday, January 12th. Credit Suisse Group set a GBX 2,180 ($29.56) price objective on Prudential and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. set a GBX 1,800 ($24.41) price objective on Prudential and gave the company a “neutral” rating in a report on Thursday, January 11th. Barclays restated an “overweight” rating and issued a GBX 2,169 ($29.41) price objective (up from GBX 2,015 ($27.33)) on shares of Prudential in a report on Thursday, November 30th. Finally, UBS Group set a GBX 2,200 ($29.83) price objective on Prudential and gave the company a “buy” rating in a report on Friday, November 17th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 2,033.21 ($27.57).

The firm has a market capitalization of $51,170.00 and a PE ratio of 1,848.35.

In related news, insider David J. A. Law acquired 2,162 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were bought at an average price of GBX 1,837 ($24.91) per share, with a total value of £39,715.94 ($53,859.43). Also, insider Anne Richards acquired 21,408 shares of the business’s 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). Insiders have bought a total of 23,600 shares of company stock worth $43,268,288 in the last three months.

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About Prudential

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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