JPMorgan Chase & Co. set a GBX 1,800 ($24.41) target price on Prudential (LON:PRU) in a report published on Thursday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other research firms have also recently commented on PRU. Shore Capital reaffirmed a buy rating on shares of Prudential in a report on Thursday, November 16th. Jefferies Group upped their price target on Prudential from GBX 1,771 ($24.02) to GBX 2,000 ($27.12) and gave the company a hold rating in a report on Tuesday, November 7th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 2,075 ($28.14) price target on shares of Prudential in a report on Tuesday, November 7th. Barclays reiterated an overweight rating and issued a GBX 2,161 ($29.31) price objective on shares of Prudential in a research note on Monday, December 18th. Finally, Deutsche Bank upped their price objective on Prudential from GBX 2,000 ($27.12) to GBX 2,050 ($27.80) and gave the company a buy rating in a research note on Thursday, January 4th. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Prudential presently has an average rating of Buy and a consensus target price of GBX 2,027.68 ($27.50).
Prudential (LON PRU) traded up GBX 2 ($0.03) during trading on Thursday, reaching GBX 1,973.50 ($26.76). The company’s stock had a trading volume of 3,795,090 shares, compared to its average volume of 3,820,000. The firm has a market cap of $51,060.00 and a PE ratio of 1,844.39. Prudential has a 12-month low of GBX 1,524 ($20.67) and a 12-month high of GBX 1,984 ($26.91).
In other Prudential news, insider Anne Richards purchased 21,408 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). Also, insider David J. A. Law purchased 2,162 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of GBX 1,837 ($24.91) per share, for a total transaction of £39,715.94 ($53,859.43). Over the last 90 days, insiders have purchased 23,600 shares of company stock worth $43,268,288.
Prudential Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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