Prudential plc (LON:PRU) has been assigned a consensus rating of “Buy” from the twenty research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 2,054.84 ($28.81).
A number of analysts have issued reports on the company. Citigroup set a GBX 2,186 ($30.65) target price on Prudential and gave the company a “buy” rating in a report on Friday, January 12th. Credit Suisse Group set a GBX 2,180 ($30.57) price objective on Prudential and gave the stock a “buy” rating in a report on Wednesday, January 17th. JPMorgan Chase & Co. set a GBX 1,800 ($25.24) price objective on Prudential and gave the stock a “neutral” rating in a report on Thursday, January 11th. Barclays reissued an “overweight” rating on shares of Prudential in a report on Wednesday, January 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a GBX 2,481 ($34.79) price objective on shares of Prudential in a report on Thursday, February 1st.
Prudential (PRU) traded down GBX 21 ($0.29) on Tuesday, reaching GBX 1,770 ($24.82). The company’s stock had a trading volume of 7,990,968 shares, compared to its average volume of 3,870,000. The firm has a market cap of $45,790.00 and a price-to-earnings ratio of 1,654.21. Prudential has a 12-month low of GBX 1,572 ($22.04) and a 12-month high of GBX 1,992.50 ($27.94).
In other news, insider David J. A. Law bought 2,162 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 1,837 ($25.76) per share, for a total transaction of £39,715.94 ($55,686.96). Also, insider Anne Richards bought 21,408 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average price of GBX 1,833 ($25.70) per share, with a total value of £392,408.64 ($550,208.41). In the last quarter, insiders acquired 23,600 shares of company stock valued at $43,267,988.
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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