Societe Generale Reaffirms Hold Rating for Prudential (LON:PRU)

Societe Generale reaffirmed their hold rating on shares of Prudential (LON:PRU) in a research report report published on Friday, November 17th. Societe Generale currently has a GBX 1,790 ($24.09) price target on the financial services provider’s stock.

PRU has been the subject of a number of other research reports. Barclays set a GBX 2,015 ($27.12) target price on Prudential and gave the stock a buy rating in a research note on Friday, September 8th. Morgan Stanley lifted their price objective on Prudential from GBX 2,092 ($28.16) to GBX 2,166 ($29.15) and gave the company an overweight rating in a research note on Thursday, October 19th. Deutsche Bank reiterated a buy rating on shares of Prudential in a research note on Monday, September 4th. J P Morgan Chase & Co lifted their price objective on Prudential from GBX 1,705 ($22.95) to GBX 1,800 ($24.23) and gave the company a neutral rating in a research note on Tuesday, August 1st. Finally, Berenberg Bank lifted their price objective on Prudential from GBX 2,200 ($29.61) to GBX 2,400 ($32.30) and gave the company a buy rating in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Prudential has an average rating of Buy and an average target price of GBX 2,003.72 ($26.97).

Shares of Prudential (LON:PRU) traded up GBX 1.50 ($0.02) during mid-day trading on Friday, reaching GBX 1,810.50 ($24.37). The company had a trading volume of 4,001,558 shares, compared to its average volume of 4,530,000. Prudential has a one year low of GBX 1,524 ($20.51) and a one year high of GBX 1,933.50 ($26.02).

In related news, insider Anthony Nightingale bought 20,000 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of GBX 1,788 ($24.06) per share, for a total transaction of £357,600 ($481,292.06). Also, insider David J. A. Law bought 2,162 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average price of GBX 1,837 ($24.72) per share, for a total transaction of £39,715.94 ($53,453.49). Over the last 90 days, insiders have bought 43,601 shares of company stock worth $79,028,243.

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About Prudential

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.

Analyst Recommendations for Prudential (LON:PRU)

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