Shares of Prudential Public Limited (NYSE:PUK) rose 5.6% on Wednesday . The stock traded as high as $54.70 and last traded at $53.99. Approximately 505,249 shares were traded during trading, an increase of 142% from the average daily volume of 208,763 shares. The stock had previously closed at $51.11.
PUK has been the topic of several recent analyst reports. Zacks Investment Research downgraded Prudential Public from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. ValuEngine downgraded Prudential Public from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Prudential Public presently has an average rating of “Buy” and a consensus target price of $60.00.
A number of institutional investors have recently made changes to their positions in PUK. Boston Private Wealth LLC bought a new stake in Prudential Public during the 3rd quarter valued at $201,000. Stevens Capital Management LP bought a new stake in shares of Prudential Public in the 3rd quarter worth $204,000. Rathbone Brothers plc bought a new stake in shares of Prudential Public in the 4th quarter worth $207,000. Lake Street Advisors Group LLC bought a new stake in shares of Prudential Public in the 4th quarter worth $243,000. Finally, River Road Asset Management LLC bought a new stake in shares of Prudential Public in the 4th quarter worth $299,000. 1.57% of the stock is currently owned by hedge funds and other institutional investors.
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About Prudential Public
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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