Prudential’s (PRU) “Top Pick” Rating Reiterated at UBS Group

UBS Group reissued their top pick rating on shares of Prudential (LON:PRU) in a research note released on Wednesday morning, www.digitallook.com reports. The brokerage currently has a GBX 2,100 ($27.44) price objective on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley reissued an overweight rating on shares of Prudential in a research report on Tuesday. JPMorgan Chase & Co. set a GBX 1,899 ($24.81) price objective on shares of Prudential and gave the stock a neutral rating in a research report on Thursday, October 11th. Shore Capital reissued an under review rating on shares of Prudential in a research report on Monday, September 17th. Barclays increased their price objective on shares of Prudential from GBX 2,076 ($27.13) to GBX 2,163 ($28.26) and gave the stock an overweight rating in a research report on Friday, September 7th. Finally, Berenberg Bank increased their price objective on shares of Prudential from GBX 2,400 ($31.36) to GBX 2,600 ($33.97) and gave the stock a buy rating in a research report on Thursday, August 30th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 2,160.12 ($28.23).

PRU stock opened at GBX 1,496.50 ($19.55) on Wednesday. Prudential has a 1 year low of GBX 1,612.14 ($21.07) and a 1 year high of GBX 1,992.50 ($26.04).



The firm also recently declared a dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, August 23rd were given a GBX 15.67 ($0.20) dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a yield of 0.86%.

In related news, insider James Turner sold 1,473 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of GBX 1,748 ($22.84), for a total value of £25,748.04 ($33,644.37). In the last ninety days, insiders purchased 32 shares of company stock worth $55,269.

Prudential Company Profile

Prudential plc, together with 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 and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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