Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Prudential (NYSE:PUK)

Prudential (NYSE:PUK)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, The Fly reports.

A number of other research firms also recently issued reports on PUK. Morgan Stanley restated an “overweight” rating on shares of Prudential in a research note on Wednesday, July 21st. UBS Group reiterated a “buy” rating on shares of Prudential in a report on Thursday, August 5th. Bank of America upgraded Prudential from a “neutral” rating to a “buy” rating in a research report on Monday, August 23rd. Royal Bank of Canada restated an “outperform” rating on shares of Prudential in a research report on Tuesday. Finally, Barclays reaffirmed an “overweight” rating on shares of Prudential in a research note on Friday, September 10th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Prudential currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Prudential stock traded down $0.92 during midday trading on Tuesday, reaching $38.57. The stock had a trading volume of 10,659 shares, compared to its average volume of 258,152. Prudential has a 12 month low of $23.99 and a 12 month high of $44.99. The company has a quick ratio of 0.02, a current ratio of 0.04 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $50.32 billion, a PE ratio of 11.00, a P/E/G ratio of 5.49 and a beta of 1.65. The firm’s 50-day moving average price is $40.31 and its 200 day moving average price is $41.22.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PUK. Red Door Wealth Management LLC bought a new position in shares of Prudential in the 2nd quarter valued at $25,000. Stonebridge Capital Advisors LLC bought a new position in Prudential during the first quarter valued at approximately $30,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Prudential during the 1st quarter valued at $38,000. Bessemer Group Inc. grew its stake in shares of Prudential by 394.3% in the 1st quarter. Bessemer Group Inc. now owns 1,127 shares of the financial services provider’s stock worth $48,000 after buying an additional 899 shares in the last quarter. Finally, PNC Managed Account Solutions Inc. bought a new stake in shares of Prudential in the 2nd quarter worth about $71,000. 1.69% of the stock is owned by institutional investors.

Prudential Company Profile

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.

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