Prudential (PRU) Receives “Buy” Rating from HSBC

HSBC reiterated their buy rating on shares of Prudential (LON:PRU) in a research report released on Wednesday morning.

PRU has been the subject of several other research reports. Goldman Sachs set a GBX 2,040 ($28.18) price target on Prudential and gave the stock a buy rating in a research note on Tuesday, November 21st. Barclays cut their price target on Prudential from GBX 2,169 ($29.97) to GBX 2,161 ($29.86) and set an overweight rating for the company in a research note on Monday, December 11th. Cfra set a GBX 2,100 ($29.01) price target on Prudential and gave the stock a buy rating in a research note on Wednesday, March 14th. JPMorgan Chase & Co. set a GBX 1,800 ($24.87) price target on Prudential and gave the stock a neutral rating in a research note on Thursday, January 11th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 2,235 ($30.88) price target on shares of Prudential in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 2,103.94 ($29.07).

PRU stock opened at GBX 1,872.20 ($25.87) on Wednesday. The firm has a market capitalization of $49,510.00 and a price-to-earnings ratio of 2,013.12. Prudential has a 12 month low of GBX 1,612.14 ($22.27) and a 12 month high of GBX 1,992.50 ($27.53).

Prudential (LON:PRU) last posted its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share for the quarter, topping the consensus estimate of GBX 139 ($1.92) by GBX 6.20 ($0.09). The company had revenue of GBX 4,400.50 billion during the quarter. Prudential had a return on equity of 19.94% and a net margin of 3.50%.

The firm also recently declared a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, March 29th will be issued a GBX 32.50 ($0.45) dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a dividend yield of 1.7%. This is a boost from Prudential’s previous dividend of $14.50.

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Prudential Company Profile

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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