Prudential plc (LON:PRU) rose 0% during mid-day trading on Wednesday . The stock traded as high as GBX 1,853 ($25.98) and last traded at GBX 1,835.50 ($25.74). Approximately 7,538,373 shares were traded during mid-day trading, an increase of 111% from the average daily volume of 3,570,000 shares. The stock had previously closed at GBX 1,835.50 ($25.74).

PRU has been the topic of several research analyst reports. Jefferies Group lifted their price objective on Prudential from GBX 1,771 ($24.83) to GBX 2,000 ($28.04) and gave the stock a “hold” rating in a report on Tuesday, November 7th. Bank of America set a GBX 2,300 ($32.25) price objective on Prudential and gave the stock a “buy” rating in a report on Wednesday, December 13th. Citigroup reiterated a “buy” rating and issued a GBX 2,109 ($29.57) price objective on shares of Prudential in a report on Thursday, November 2nd. Morgan Stanley lifted their price objective on Prudential from GBX 2,092 ($29.33) to GBX 2,166 ($30.37) and gave the stock an “overweight” rating in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Prudential in a report on Thursday, November 16th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Prudential currently has a consensus rating of “Buy” and a consensus target price of GBX 2,054.84 ($28.81).

The company has a market cap of $45,830.00 and a price-to-earnings ratio of 1,645.79.

In related news, insider David J. A. Law bought 2,162 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of GBX 1,837 ($25.76) per share, for a total transaction of £39,715.94 ($55,686.96). Also, insider Anne Richards bought 21,408 shares of the stock in a transaction dated Monday, December 4th. The shares were bought at an average price of GBX 1,833 ($25.70) per share, for a total transaction of £392,408.64 ($550,208.41). Over the last 90 days, insiders have bought 23,600 shares of company stock worth $43,267,988.

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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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