Goldman Sachs Group Analysts Give Prudential (PRU) a GBX 2,290 Price Target

Prudential (LON:PRU) received a GBX 2,290 ($31.64) target price from Goldman Sachs Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group’s price target would indicate a potential upside of 27.29% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on PRU. Morgan Stanley raised their price target on shares of Prudential from GBX 2,092 ($28.90) to GBX 2,166 ($29.93) and gave the stock an “overweight” rating in a research note on Thursday, October 19th. Citigroup reaffirmed a “buy” rating and set a GBX 2,109 ($29.14) price target on shares of Prudential in a research note on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 2,075 ($28.67) price target on shares of Prudential in a research note on Tuesday, November 7th. Jefferies Group raised their price target on shares of Prudential from GBX 1,771 ($24.47) to GBX 2,000 ($27.63) and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Prudential in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 2,065.89 ($28.54).

Shares of Prudential (PRU) opened at GBX 1,799 ($24.85) on Wednesday. Prudential has a 12 month low of GBX 1,589 ($21.95) and a 12 month high of GBX 1,992.50 ($27.53). The stock has a market cap of $46,540.00 and a PE ratio of 1,681.31.

In other Prudential news, insider David J. A. Law purchased 2,162 shares of Prudential stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of GBX 1,837 ($25.38) per share, with a total value of £39,715.94 ($54,871.43). Also, insider Anne Richards purchased 21,408 shares of Prudential stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of GBX 1,833 ($25.32) per share, for a total transaction of £392,408.64 ($542,150.65). Over the last ninety days, insiders have acquired 23,600 shares of company stock worth $43,267,988.

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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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