Berenberg Bank Reaffirms “Buy” Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Thursday, Digital Look reports. They presently have a GBX 1,500 target price on the financial services provider’s stock. Berenberg Bank‘s price target points to a potential upside of 62.58% from the company’s current price.

PRU has been the topic of a number of other research reports. Citigroup reduced their target price on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, September 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,500 target price on shares of Prudential in a research note on Thursday, October 29th. Five analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,464.

Prudential Price Performance

Shares of LON PRU opened at GBX 922.60 on Thursday. The company has a market cap of £22.57 billion, a P/E ratio of 6.49, a PEG ratio of 0.40 and a beta of 0.91. Prudential has a 1 year low of GBX 867.40 and a 1 year high of GBX 1,238. The firm has a 50-day simple moving average of GBX 942.05 and a two-hundred day simple moving average of GBX 1,049.37.

Insider Transactions at Prudential

In other Prudential news, insider Anil Wadhwani acquired 42 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of GBX 990 per share, with a total value of £415.80. Also, insider Douglas Flint acquired 11,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of GBX 922 per share, with a total value of £101,420. 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.