Prudential (LON:PRU) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 1,500 price target on the financial services provider’s stock. Jefferies Financial Group‘s price target suggests a potential upside of 65.67% from the company’s previous close.

PRU has been the topic of several other reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,445 target price on shares of Prudential in a report on Monday. Citigroup lowered their price objective on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Prudential currently has a consensus rating of “Buy” and an average target price of GBX 1,453.

Prudential Trading Up 0.4%

LON PRU opened at GBX 905.40 on Thursday. The company has a market cap of £22.29 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.40 and a beta of 0.91. The company has a 50 day moving average of GBX 955 and a 200-day moving average of GBX 1,057.72. Prudential has a 1-year low of GBX 867.40 and a 1-year high of GBX 1,238.

Insiders Place Their Bets

In other Prudential news, insider Anil Wadhwani purchased 42 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average cost of GBX 990 per share, with a total value of £415.80. Insiders own 0.52% of the company’s stock.

Prudential Company Profile

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.