Prudential’s (PRU) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Prudential (LON:PRU) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,445 price objective on the financial services provider’s stock.

Several other research analysts have also weighed in on PRU. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a research report on Friday, August 28th. Citigroup cut their target price on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Prudential presently has an average rating of “Buy” and an average target price of GBX 1,453.

Prudential Price Performance

Shares of LON PRU opened at GBX 942.96 on Thursday. The company has a 50 day simple moving average of GBX 1,028.12 and a 200-day simple moving average of GBX 1,055.92. The company has a market capitalization of £23.20 billion, a P/E ratio of 6.63, a P/E/G ratio of 0.40 and a beta of 0.89. Prudential has a 1 year low of GBX 910.20 and a 1 year high of GBX 1,238.

Insiders Place Their Bets

In related news, insider Anil Wadhwani purchased 42 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of GBX 990 per share, for a total transaction of £415.80. 0.52% of the stock is currently owned by company insiders.

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.