Barclays PLC restated their overweight rating on shares of Prudential plc (LON:PRU) in a research report released on Friday, July 21st. They currently have a GBX 1,949 ($25.30) target price on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a GBX 2,000 ($25.96) price objective on shares of Prudential plc in a research note on Tuesday, July 4th. Credit Suisse Group restated an outperform rating and issued a GBX 2,045 ($26.55) target price on shares of Prudential plc in a research note on Friday, May 19th. Morgan Stanley restated an overweight rating and issued a GBX 2,095 ($27.20) target price on shares of Prudential plc in a research note on Thursday, April 27th. HSBC Holdings plc raised their target price on shares of Prudential plc from GBX 1,890 ($24.54) to GBX 1,980 ($25.70) and gave the company a buy rating in a research note on Tuesday, April 11th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 2,000 ($25.96) target price on shares of Prudential plc in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Prudential plc currently has a consensus rating of Buy and an average target price of GBX 1,905.83 ($24.74).
Prudential plc (PRU) traded down 0.79% during mid-day trading on Friday, hitting GBX 1813.50. The company had a trading volume of 2,270,733 shares. Prudential plc has a 1-year low of GBX 1,290.00 and a 1-year high of GBX 1,889.50. The stock has a 50 day moving average price of GBX 1,805.41 and a 200-day moving average price of GBX 1,725.52. The stock’s market capitalization is GBX 46.69 billion.
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The company also recently announced a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 24th will be issued a GBX 14.50 ($0.19) dividend. The ex-dividend date is Thursday, August 24th. This represents a yield of 0.79%.
In other news, insider Lord J. Adair Turner bought 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were bought at an average cost of GBX 1,802 ($23.39) per share, for a total transaction of £18,020 ($23,393.48). Insiders acquired a total of 1,030 shares of company stock worth $1,856,180 over the last quarter.
About Prudential plc
Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.
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