Deutsche Bank Increases Prudential (LON:PRU) Price Target to GBX 2,050

Prudential (LON:PRU) had its price objective raised by stock analysts at Deutsche Bank from GBX 2,000 ($27.12) to GBX 2,050 ($27.80) in a research report issued on Thursday, January 4th. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price target points to a potential upside of 3.88% from the company’s current price.

A number of other analysts also recently commented on the company. Barclays set a GBX 2,015 ($27.33) price target on Prudential and gave the company a “buy” rating in a research report on Friday, September 8th. Goldman Sachs Group increased their price target on Prudential from GBX 2,000 ($27.12) to GBX 2,040 ($27.66) and gave the company a “buy” rating in a research report on Tuesday, September 12th. Jefferies Group increased their price target on Prudential from GBX 1,771 ($24.02) to GBX 2,000 ($27.12) and gave the company a “hold” rating in a research report on Tuesday, November 7th. Societe Generale increased their price objective on Prudential from GBX 1,725 ($23.39) to GBX 1,790 ($24.27) and gave the company a “hold” rating in a report on Thursday, September 14th. Finally, Citigroup reissued a “buy” rating and set a GBX 2,109 ($28.60) price objective on shares of Prudential in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 2,027.68 ($27.50).

Shares of Prudential (PRU) opened at GBX 1,973.50 ($26.76) on Thursday. The company has a market capitalization of $51,060.00 and a P/E ratio of 1,844.39. Prudential has a 52 week low of GBX 1,524 ($20.67) and a 52 week high of GBX 1,984 ($26.91).

In related news, insider Anne Richards acquired 21,408 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). Also, insider David J. A. Law acquired 2,162 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 1,837 ($24.91) per share, for a total transaction of £39,715.94 ($53,859.43). Insiders have acquired 23,600 shares of company stock worth $43,268,288 in the last 90 days.

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Prudential Company Profile

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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