Prudential plc (LON:PRU) traded up 0.7% on Thursday . The stock traded as high as GBX 1,888.50 ($25.42) and last traded at GBX 1,843.50 ($24.81). 4,939,178 shares were traded during mid-day trading, an increase of 9% from the average session volume of 4,550,000 shares. The stock had previously closed at GBX 1,830.40 ($24.64).
Several equities research analysts have weighed in on the company. Barclays reiterated an “overweight” rating and issued a GBX 2,169 ($29.19) price objective (up previously from GBX 2,015 ($27.12)) on shares of Prudential in a report on Thursday, November 30th. UBS set a GBX 2,200 ($29.61) price objective on Prudential and gave the stock a “buy” rating in a report on Friday, November 17th. Societe Generale reiterated a “hold” rating and issued a GBX 1,790 ($24.09) price objective on shares of Prudential in a report on Friday, November 17th. Citigroup reiterated a “buy” rating and issued a GBX 2,109 ($28.38) price objective on shares of Prudential in a report on Friday, November 17th. Finally, Goldman Sachs Group set a GBX 2,040 ($27.46) target price on Prudential and gave the company a “buy” rating in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Prudential has an average rating of “Buy” and a consensus price target of GBX 2,021 ($27.20).
In other Prudential news, insider Anne Richards bought 21,408 shares of Prudential stock in a transaction on Monday, December 4th. The stock was acquired at an average price of GBX 1,833 ($24.67) per share, with a total value of £392,408.64 ($528,140.83). Also, insider David J. A. Law bought 2,162 shares of Prudential stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 1,837 ($24.72) per share, with a total value of £39,715.94 ($53,453.49). In the last ninety days, insiders have purchased 43,600 shares of company stock valued at $79,027,308.
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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.
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