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

Prudential (LON:PRU – Get Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s target price points to a potential upside of 53.24% from the company’s current price.

Other analysts also recently issued research reports about the company. Citigroup dropped their price target on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research report on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,500 target price on shares of Prudential in a research note on Friday, August 28th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 1,453.

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Prudential Stock Performance

LON:PRU opened at GBX 942.96 on Thursday. Prudential has a 52-week low of GBX 910.20 and a 52-week high of GBX 1,238. The stock has a fifty day moving average of GBX 1,028.12 and a 200 day moving average of GBX 1,055.92. The firm has a market capitalization 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.

Insider Activity at Prudential

In other news, insider Anil Wadhwani acquired 42 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost of GBX 990 per share, with a total value of £415.80. Company insiders own 0.52% of the company’s stock.

Prudential Company Profile

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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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