Insider Buying: Prudential (LON:PRU) Insider Acquires £416.99 in Stock

Prudential plc (LON:PRU) insider Anil Wadhwani purchased 37 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of GBX 1,127 per share, for a total transaction of £416.99.

Prudential Price Performance

Shares of PRU opened at GBX 1,127.03 on Friday. The stock has a market capitalization of £28.29 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.40 and a beta of 0.90. The business’s fifty day moving average price is GBX 1,099.17 and its 200 day moving average price is GBX 1,101.56. Prudential plc has a 12-month low of GBX 773.16 and a 12-month high of GBX 1,238.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Prudential from GBX 1,355 to GBX 1,440 and gave the company a “buy” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. reduced their price objective on Prudential from GBX 1,500 to GBX 1,450 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Finally, Citigroup upped their price objective on Prudential from GBX 1,122 to GBX 1,425 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,373.

About Prudential

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.