Prudential (LON:PRU) Price Target Cut to GBX 1,400 by Analysts at Citigroup

Prudential (LON:PRU) had its target price lowered by equities researchers at Citigroup from GBX 1,425 to GBX 1,400 in a research report issued on Friday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential upside of 35.53% from the stock’s previous close.

Several other brokerages also recently weighed in on PRU. Berenberg Bank reiterated a “buy” rating and set a GBX 1,445 target price on shares of Prudential in a research note on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Prudential presently has an average rating of “Buy” and a consensus price target of GBX 1,453.

Prudential Stock Performance

Shares of Prudential stock opened at GBX 1,033 on Friday. The company has a market capitalization of £25.69 billion, a P/E ratio of 6.73, a PEG ratio of 0.40 and a beta of 0.90. Prudential has a 1 year low of GBX 910.20 and a 1 year high of GBX 1,238. The company’s fifty day moving average is GBX 1,044.34 and its two-hundred day moving average is GBX 1,069.79.

Insider Transactions at Prudential

In other news, insider Douglas Flint acquired 12,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of GBX 959 per share, with a total value of £119,875. Corporate insiders own 0.52% of the company’s stock.

About Prudential

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.