Prudential (LON:PRU) Price Target Raised to GBX 2,250

Prudential (LON:PRU) had its price target hoisted by equities research analysts at Sanford C. Bernstein from GBX 1,950 ($27.92) to GBX 2,250 ($32.22) in a research note issued to investors on Thursday, March 22nd. The firm currently has an “outperform” rating on the financial services provider’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 23.02% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. HSBC reiterated a “buy” rating on shares of Prudential in a research report on Wednesday, March 21st. Citigroup reiterated a “buy” rating on shares of Prudential in a research report on Thursday, March 15th. UBS set a GBX 2,400 ($34.36) target price on shares of Prudential and gave the stock a “buy” rating in a research report on Thursday, March 15th. Cfra set a GBX 2,100 ($30.07) price target on shares of Prudential and gave the stock a “buy” rating in a report on Wednesday, March 14th. Finally, JPMorgan Chase lifted their price objective on shares of Prudential from GBX 1,800 ($25.77) to GBX 1,899 ($27.19) and gave the company a “neutral” rating in a research note on Wednesday, March 14th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Prudential currently has a consensus rating of “Buy” and an average target price of GBX 2,119.11 ($30.34).

How to Become a New Pot Stock Millionaire

Shares of PRU traded up GBX 11.50 ($0.16) during mid-day trading on Thursday, reaching GBX 1,829 ($26.19). The company had a trading volume of 3,415,648 shares, compared to its average volume of 4,740,000. Prudential has a 1-year low of GBX 1,612.14 ($23.08) and a 1-year high of GBX 1,992.50 ($28.53).

Prudential (LON:PRU) last posted its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.08) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 139 ($1.99) by GBX 6.20 ($0.09). Prudential had a net margin of 3.50% and a return on equity of 19.94%. The company had revenue of GBX 4,400.50 billion for the quarter.

In related news, insider John W. Foley sold 81,468 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($25.01), for a total value of £1,423,245.96 ($2,037,866.49). Over the last 90 days, insiders purchased 30 shares of company stock worth $54,140.

ILLEGAL ACTIVITY WARNING: This article was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at

Prudential Company Profile

Prudential plc, together with 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 and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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's FREE daily email newsletter.

Leave a Reply