Barclays set a GBX 2,019 ($26.38) price target on Prudential (LON:PRU) in a research report released on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
PRU has been the subject of several other reports. Royal Bank of Canada lifted their price target on Prudential from GBX 1,600 ($20.91) to GBX 1,750 ($22.87) and gave the stock a sector performer rating in a report on Tuesday, December 11th. Credit Suisse Group reaffirmed an outperform rating on shares of Prudential in a report on Wednesday, December 12th. Deutsche Bank reiterated a buy rating and set a GBX 1,750 ($22.87) price objective on shares of Prudential in a research report on Monday, January 7th. JPMorgan Chase & Co. dropped their target price on Prudential from GBX 1,899 ($24.81) to GBX 1,522 ($19.89) and set a neutral rating for the company in a report on Tuesday, January 8th. Finally, Shore Capital reissued an under review rating on shares of Prudential in a research report on Thursday, January 10th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Prudential currently has an average rating of Buy and a consensus price target of GBX 2,044.75 ($26.72).
Prudential stock opened at GBX 1,680.50 ($21.96) on Thursday. The company has a market capitalization of $43.49 billion and a PE ratio of 14.39. The company has a debt-to-equity ratio of 113.46, a quick ratio of 0.14 and a current ratio of 1.17. Prudential has a 12 month low of GBX 1,325 ($17.31) and a 12 month high of GBX 1,962 ($25.64).
The business also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, March 28th will be paid a GBX 33.68 ($0.44) dividend. This is a boost from Prudential’s previous dividend of $15.67. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, March 28th. Prudential’s payout ratio is 0.42%.
In other Prudential news, insider Mike Wells sold 149,122 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of GBX 1,561 ($20.40), for a total transaction of £2,327,794.42 ($3,041,675.71). Insiders have purchased 38 shares of company stock worth $56,404 in the last three months.
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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