Shares of Prudential plc (LON:PRU) have been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,582.73 ($20.82).
A number of research firms have recently weighed in on PRU. Barclays upped their price objective on Prudential from GBX 1,696 ($22.31) to GBX 1,725 ($22.69) and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Evercore ISI decreased their target price on Prudential from GBX 1,850 ($24.34) to GBX 1,600 ($21.05) and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. UBS Group reiterated a “buy” rating on shares of Prudential in a research report on Wednesday, October 16th. Goldman Sachs Group assumed coverage on Prudential in a research report on Tuesday, October 29th. They issued a “buy” rating and a GBX 1,560 ($20.52) target price on the stock. Finally, Citigroup upgraded Prudential to a “buy” rating in a research report on Friday, October 18th.
Shares of LON PRU traded up GBX 26.50 ($0.35) during mid-day trading on Friday, reaching GBX 1,395.50 ($18.36). The company’s stock had a trading volume of 4,401,832 shares, compared to its average volume of 4,740,000. The firm has a market capitalization of $35.61 billion and a PE ratio of 11.30. The company has a debt-to-equity ratio of 81.74, a current ratio of 1.04 and a quick ratio of 0.04. The stock has a fifty day moving average of GBX 1,348.40 and a two-hundred day moving average of GBX 1,501.66. Prudential has a 52 week low of GBX 12.37 ($0.16) and a 52 week high of GBX 1,795 ($23.61).
In related news, insider James Turner acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average cost of GBX 1,389 ($18.27) per share, for a total transaction of £347,250 ($456,787.69). Also, insider Fields Wicker-Miurin acquired 1,000 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were bought at an average price of GBX 1,381 ($18.17) per share, for a total transaction of £13,810 ($18,166.27). Insiders purchased 26,015 shares of company stock worth $36,126,698 over the last quarter.
Prudential Company Profile
Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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