Prudential (PRU) PT Set at GBX 2,186 by Citigroup

Prudential (LON:PRU) has been given a GBX 2,186 ($29.64) price target by equities research analysts at Citigroup in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price would suggest a potential upside of 10.77% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. set a GBX 1,800 ($24.41) price target on Prudential and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank raised their price target on Prudential from GBX 2,000 ($27.12) to GBX 2,050 ($27.80) and gave the stock a “buy” rating in a research note on Thursday, January 4th. Barclays reaffirmed an “overweight” rating and set a GBX 2,161 ($29.31) price target on shares of Prudential in a research note on Monday, December 18th. Bank of America set a GBX 2,300 ($31.19) price target on Prudential and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Goldman Sachs Group set a GBX 2,080 ($28.21) price target on Prudential and gave the stock a “buy” rating in a research note on Monday, December 11th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,027.68 ($27.50).

Prudential (LON PRU) traded up GBX 2 ($0.03) on Friday, hitting GBX 1,973.50 ($26.76). The stock had a trading volume of 3,795,090 shares, compared to its average volume of 3,820,000. Prudential has a 52 week low of GBX 1,524 ($20.67) and a 52 week high of GBX 1,984 ($26.91). The stock has a market cap of $51,060.00 and a P/E ratio of 1,844.39.

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

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/01/14/prudential-pru-pt-set-at-gbx-2186-by-citigroup.html.

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)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply