Prudential (LON:PRU) Receives Buy Rating from Barclays

Barclays reiterated their buy rating on shares of Prudential (LON:PRU) in a report released on Tuesday morning, Borsen Zeitung reports. Barclays currently has a GBX 1,749 ($23.01) target price on the financial services provider’s stock.

Several other analysts also recently commented on PRU. Deutsche Bank restated a hold rating and set a GBX 1,500 ($19.73) price objective on shares of Prudential in a research report on Friday, January 31st. Credit Suisse Group restated an outperform rating on shares of Prudential in a research report on Thursday, October 17th. HSBC decreased their price objective on shares of Prudential from GBX 1,835 ($24.14) to GBX 1,800 ($23.68) and set a buy rating on the stock in a research report on Tuesday, November 19th. Goldman Sachs Group started coverage on shares of Prudential in a research report on Tuesday, October 29th. They set a buy rating and a GBX 1,560 ($20.52) price objective on the stock. Finally, Macquarie started coverage on shares of Prudential in a research report on Friday, December 20th. They set an outperform rating and a GBX 1,790 ($23.55) price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Prudential has an average rating of Buy and an average target price of GBX 1,668.67 ($21.95).

Shares of PRU stock opened at GBX 1,476.50 ($19.42) on Tuesday. The company has a market capitalization of $38.41 billion and a price-to-earnings ratio of 11.96. Prudential has a one year low of GBX 132.20 ($1.74) and a one year high of GBX 1,795 ($23.61). The company’s fifty day moving average price is GBX 1,430.75 and its 200-day moving average price is GBX 1,423.76. The company has a debt-to-equity ratio of 81.74, a current ratio of 1.04 and a quick ratio of 0.04.

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.

Read More: What is a Call Option?

Analyst Recommendations for Prudential (LON:PRU)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.