Prudential (LON:PRU) Stock Rating Reaffirmed as Buy by Berenberg Bank

Prudential (LON:PRU – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 1,445 price objective on the financial services provider’s stock. Berenberg Bank’s price target would suggest a potential upside of 53.24% from the stock’s previous close.

Several other equities research analysts also recently issued reports on PRU. Citigroup lowered their price target on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a report on Friday, September 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a research report on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,453.

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Prudential Stock Down 0.7%

Shares of LON PRU opened at GBX 942.96 on Thursday. The company’s fifty day moving average is GBX 1,028.12 and its 200-day moving average is GBX 1,055.92. The stock has a market cap of £23.20 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.40 and a beta of 0.89. Prudential has a twelve month low of GBX 910.20 and a twelve month high of GBX 1,238.

Insiders Place Their Bets

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

Prudential Company Profile

(Get Free Report)

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.

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