Prudential’s (PRU) Outperform Rating Reiterated at BNP Paribas

Prudential (LON:PRU)‘s stock had its “outperform” rating reiterated by stock analysts at BNP Paribas in a research report issued to clients and investors on Wednesday, March 28th.

A number of other analysts have also commented on the stock. Deutsche Bank boosted their price objective on shares of Prudential from GBX 2,050 ($28.98) to GBX 2,250 ($31.80) and gave the stock a “buy” rating in a research report on Friday, March 23rd. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,235 ($31.59) price objective on shares of Prudential in a research report on Friday, March 23rd. Sanford C. Bernstein boosted their target price on shares of Prudential from GBX 1,950 ($27.56) to GBX 2,250 ($31.80) and gave the stock an “outperform” rating in a report on Thursday, March 22nd. HSBC restated a “buy” rating on shares of Prudential in a report on Wednesday, March 21st. Finally, Citigroup restated a “buy” rating on shares of Prudential in a report on Thursday, March 15th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 2,119.11 ($29.95).

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Shares of PRU opened at GBX 1,817.50 ($25.69) on Wednesday. Prudential has a twelve month low of GBX 1,612.14 ($22.79) and a twelve month high of GBX 1,992.50 ($28.16).

Prudential (LON:PRU) last announced its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 139 ($1.96) by GBX 6.20 ($0.09). The firm had revenue of GBX 4,400.50 billion for the quarter. Prudential had a net margin of 3.50% and a return on equity of 19.94%.

In other Prudential news, insider John W. Foley sold 81,468 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($24.69), for a total value of £1,423,245.96 ($2,011,655.07). Over the last quarter, insiders acquired 30 shares of company stock worth $54,140.

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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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