Prudential (LON:PRU) had its price objective upped by Deutsche Bank from GBX 2,250 ($30.19) to GBX 2,275 ($30.52) in a report published on Friday. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other research firms also recently issued reports on PRU. Cfra set a GBX 2,100 ($28.18) target price on Prudential and gave the stock a buy rating in a research report on Wednesday, March 14th. Credit Suisse Group reissued an outperform rating on shares of Prudential in a research note on Friday, May 4th. HSBC reaffirmed a buy rating and set a GBX 2,280 ($30.59) price objective on shares of Prudential in a research note on Wednesday, May 9th. BNP Paribas reaffirmed an outperform rating on shares of Prudential in a research note on Wednesday, March 28th. Finally, JPMorgan Chase & Co. raised their target price on Prudential from GBX 1,800 ($24.15) to GBX 1,899 ($25.48) and gave the stock a neutral rating in a research note on Wednesday, March 14th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Prudential currently has an average rating of Buy and an average price target of GBX 2,139.85 ($28.71).
Prudential opened at GBX 1,890.50 ($25.37) on Friday, Marketbeat reports. Prudential has a fifty-two week low of GBX 1,612.14 ($21.63) and a fifty-two week high of GBX 1,992.50 ($26.73).
Prudential (LON:PRU) last posted its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($1.95) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 139 ($1.87) by GBX 6.20 ($0.08). Prudential had a return on equity of 19.94% and a net margin of 3.50%. The business had revenue of GBX 4,400.50 billion for the quarter.
The firm also recently announced a dividend, which was paid on Friday, May 18th. Stockholders of record on Thursday, March 29th were issued a dividend of GBX 32.50 ($0.44) per share. This represents a dividend yield of 1.7%. This is a positive change from Prudential’s previous dividend of $14.50. The ex-dividend date was Thursday, March 29th.
In other news, insider John W. Foley sold 81,468 shares of Prudential stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($23.44), for a total transaction of £1,423,245.96 ($1,909,628.28). Insiders have bought 30 shares of company stock valued at $54,950 over the last quarter.
Prudential Company Profile
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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