Prudential (LON:PRU) PT Raised to GBX 1,725

Prudential (LON:PRU) had its price objective lifted by Barclays from GBX 1,696 ($22.16) to GBX 1,725 ($22.54) in a report released on Wednesday morning, Borsen Zeitung reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group reiterated a buy rating on shares of Prudential in a research note on Wednesday, October 16th. HSBC decreased their price objective on shares of Prudential from GBX 1,835 ($23.98) to GBX 1,800 ($23.52) and set a buy rating for the company in a research note on Tuesday, November 19th. Societe Generale dropped their price objective on Prudential from GBX 1,300 ($16.99) to GBX 1,200 ($15.68) and set a sell rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Prudential from GBX 1,606 ($20.99) to GBX 1,329 ($17.37) and set a neutral rating on the stock in a research report on Wednesday, October 23rd. Finally, Credit Suisse Group reiterated an outperform rating on shares of Prudential in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 1,656.15 ($21.64).

Shares of Prudential stock opened at GBX 1,319 ($17.24) on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.04 and a debt-to-equity ratio of 81.74. The company has a fifty day simple moving average of GBX 1,364.87 and a 200-day simple moving average of GBX 1,510.71. The stock has a market cap of $34.31 billion and a price-to-earnings ratio of 10.68. Prudential has a 12-month low of GBX 12.37 ($0.16) and a 12-month high of GBX 1,795 ($23.45).

In related news, insider Fields Wicker-Miurin acquired 1,000 shares of Prudential stock in a transaction on Friday, October 4th. The stock was purchased at an average cost of GBX 1,381 ($18.05) per share, with a total value of £13,810 ($18,045.21). Also, insider James Turner acquired 25,000 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were bought at an average cost of GBX 1,389 ($18.15) per share, with a total value of £347,250 ($453,743.63). Insiders have acquired a total of 26,026 shares of company stock worth $36,142,358 over the last three months.

Prudential Company Profile

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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