Prudential’s (PRU) “Buy” Rating Reiterated at Deutsche Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a report issued on Tuesday, February 6th. They currently have a GBX 2,050 ($28.32) price target on the financial services provider’s stock. Deutsche Bank’s price objective suggests a potential upside of 13.01% from the stock’s previous close.

A number of other research firms also recently weighed in on PRU. Jefferies Group raised their price target on Prudential from GBX 1,771 ($24.47) to GBX 2,000 ($27.63) and gave the company a “hold” rating in a research note on Tuesday, November 7th. Bank of America set a GBX 2,300 ($31.78) price target on Prudential and gave the company a “buy” rating in a research note on Wednesday, December 13th. Citigroup restated a “buy” rating and issued a GBX 2,109 ($29.14) price target on shares of Prudential in a research note on Thursday, November 2nd. Morgan Stanley raised their price target on Prudential from GBX 2,092 ($28.90) to GBX 2,166 ($29.93) and gave the company an “overweight” rating in a research note on Thursday, October 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Prudential in a research note on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 2,065.89 ($28.54).

Prudential (PRU) opened at GBX 1,814 ($25.06) on Tuesday. The stock has a market capitalization of $46,540.00 and a PE ratio of 1,695.33. Prudential has a fifty-two week low of GBX 1,589 ($21.95) and a fifty-two week high of GBX 1,992.50 ($27.53).

In other Prudential news, insider David J. A. Law purchased 2,162 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were bought at an average price of GBX 1,837 ($25.38) per share, for a total transaction of £39,715.94 ($54,871.43). Also, insider Anne Richards purchased 21,408 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was acquired at an average price of GBX 1,833 ($25.32) per share, for a total transaction of £392,408.64 ($542,150.65). In the last quarter, insiders bought 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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