Prudential plc (LON:PRU) Receives GBX 1,587.60 Average Target Price from Analysts

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Prudential plc (LON:PRU) has received an average rating of “Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,584.10 ($20.70).

PRU has been the topic of a number of research analyst reports. UBS Group restated a “buy” rating on shares of Prudential in a report on Wednesday, October 16th. Evercore ISI lowered their price target on shares of Prudential from GBX 1,850 ($24.17) to GBX 1,600 ($20.91) and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Societe Generale lowered their price target on shares of Prudential from GBX 1,300 ($16.99) to GBX 1,200 ($15.68) and set a “sell” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada lowered their price target on shares of Prudential from GBX 1,750 ($22.87) to GBX 1,490 ($19.47) and set a “sector performer” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Prudential from GBX 1,606 ($20.99) to GBX 1,329 ($17.37) and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd.

In other news, insider James Turner acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was bought at an average price of GBX 1,389 ($18.15) per share, with a total value of £347,250 ($453,743.63). Also, insider Fields Wicker-Miurin acquired 1,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was purchased at an average cost of GBX 1,381 ($18.05) per share, with a total value of £13,810 ($18,045.21). Insiders acquired a total of 26,026 shares of company stock worth $36,142,358 over the last quarter.

Shares of LON:PRU traded down GBX 13.50 ($0.18) during midday trading on Monday, reaching GBX 1,279.50 ($16.72). 5,121,799 shares of the company were exchanged, compared to its average volume of 4,740,000. Prudential has a fifty-two week low of GBX 12.37 ($0.16) and a fifty-two week high of GBX 1,795 ($23.45). The company has a quick ratio of 0.04, a current ratio of 1.04 and a debt-to-equity ratio of 81.74. The stock has a fifty day simple moving average of GBX 1,397.21 and a two-hundred day simple moving average of GBX 1,540.18. The firm has a market cap of $33.99 billion and a PE ratio of 10.36.

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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Analyst Recommendations for Prudential (LON:PRU)

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