Prudential (LON:PRU) Given Buy Rating at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s price objective would suggest a potential upside of 42.29% from the stock’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,458.

Prudential Trading Up 1.2%

Shares of Prudential stock opened at GBX 1,015.50 on Thursday. The company’s fifty day simple moving average is GBX 1,044.17 and its 200-day simple moving average is GBX 1,070.11. The company has a market cap of £25.26 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 0.40 and a beta of 0.90. Prudential has a 1 year low of GBX 910.20 and a 1 year high of GBX 1,238.

Insider Activity at Prudential

In other news, insider Douglas Flint acquired 12,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were bought at an average price of GBX 986 per share, with a total value of £118,320. Corporate insiders own 0.52% of the company’s stock.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.