Brokerages Set Prudential plc (LON:PRU) PT at GBX 1,319.17

Shares of Prudential plc (LON:PRU) have been assigned an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,383.

PRU has been the subject of a number of research analyst reports. Citigroup boosted their price objective on Prudential from GBX 1,122 to GBX 1,425 and gave the stock a “buy” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price target on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Prudential from GBX 1,355 to GBX 1,440 and gave the company a “buy” rating in a research note on Thursday, March 19th.

Prudential Stock Performance

Shares of PRU opened at GBX 1,089 on Thursday. The firm has a market cap of £27.43 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92. Prudential has a 52 week low of GBX 678.40 and a 52 week high of GBX 1,238. The firm’s 50-day simple moving average is GBX 1,132.72 and its 200 day simple moving average is GBX 1,094.75.

About Prudential

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.