Prudential (LON:PRU) Given Overweight Rating at Barclays

Barclays reissued their overweight rating on shares of Prudential (LON:PRU) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently weighed in on the company. HSBC set a GBX 2,300 ($30.05) price target on Prudential and gave the company a buy rating in a report on Monday, June 3rd. UBS Group reaffirmed a buy rating on shares of Prudential in a report on Monday, June 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Prudential in a report on Monday, May 13th. Deutsche Bank reaffirmed a buy rating on shares of Prudential in a report on Monday, May 13th. Finally, Jefferies Financial Group raised their price target on Prudential from GBX 1,936 ($25.30) to GBX 1,949 ($25.47) and gave the company a hold rating in a report on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 2,061 ($26.93).

LON:PRU opened at GBX 1,617 ($21.13) on Monday. Prudential has a twelve month low of GBX 1,325 ($17.31) and a twelve month high of GBX 1,886 ($24.64). The stock has a market capitalization of $41.85 billion and a price-to-earnings ratio of 13.84. The company has a debt-to-equity ratio of 113.46, a quick ratio of 0.14 and a current ratio of 1.17.



In other news, insider Fields Wicker-Miurin acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of GBX 1,655 ($21.63) per share, with a total value of £24,825 ($32,438.26). Also, insider Mike Wells sold 149,122 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of GBX 1,561 ($20.40), for a total value of £2,327,794.42 ($3,041,675.71).

About Prudential

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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Analyst Recommendations for Prudential (LON:PRU)

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