Prudential plc (PRU) Receives GBX 1,905.83 Average PT from Brokerages

Prudential plc (LON:PRU) has been given an average recommendation of “Buy” by the nineteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 1,907.50 ($24.76).

A number of analysts have recently commented on PRU shares. Morgan Stanley set a GBX 2,084 ($27.05) target price on Prudential plc and gave the stock a “buy” rating in a research note on Tuesday, July 4th. UBS AG set a GBX 2,200 ($28.56) target price on Prudential plc and gave the stock a “buy” rating in a research note on Friday, August 11th. Deutsche Bank AG set a GBX 2,000 ($25.96) target price on Prudential plc and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada set a GBX 1,620 ($21.03) target price on Prudential plc and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) 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 30th.

Prudential plc (PRU) traded down 0.14% on Tuesday, hitting GBX 1811.00. The stock had a trading volume of 3,618,345 shares. The company’s market cap is GBX 46.62 billion. Prudential plc has a 52-week low of GBX 1,290.00 and a 52-week high of GBX 1,889.50. The company has a 50 day moving average price of GBX 1,805.91 and a 200-day moving average price of GBX 1,726.11.

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 dividend of GBX 14.50 ($0.19) per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a dividend yield of 0.79%.

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In other news, insider Lord J. Adair Turner bought 1,000 shares of Prudential plc stock in a transaction on Wednesday, June 28th. The stock was acquired at an average price of GBX 1,802 ($23.39) per share, with a total value of £18,020 ($23,393.48). Insiders have acquired 1,030 shares of company stock valued at $1,856,180 in the last three months.

Prudential plc Company Profile

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.