Prudential (PRU) Receives GBX 2,122.26 Average PT from Analysts

Prudential (LON:PRU) has earned an average rating of “Buy” from the twenty-one research firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,125.67 ($28.83).

A number of analysts have issued reports on the stock. Barclays reissued an “overweight” rating on shares of Prudential in a report on Wednesday, January 24th. Goldman Sachs set a GBX 2,290 ($31.06) price objective on shares of Prudential and gave the company a “buy” rating in a report on Wednesday, February 14th. UBS set a GBX 2,400 ($32.56) price objective on shares of Prudential and gave the company a “buy” rating in a report on Thursday, March 15th. Citigroup downgraded shares of Prudential to a “neutral” rating and cut their price objective for the company from GBX 2,186 ($29.65) to GBX 2,081 ($28.23) in a report on Tuesday, April 24th. Finally, HSBC reissued a “buy” rating on shares of Prudential in a report on Wednesday, March 21st.

Shares of PRU stock traded up GBX 13 ($0.18) during midday trading on Thursday, hitting GBX 1,934 ($26.23). 5,070,675 shares of the company were exchanged, compared to its average volume of 4,740,000. Prudential has a 52 week low of GBX 1,612.14 ($21.87) and a 52 week high of GBX 1,992.50 ($27.03).

Prudential (LON:PRU) last posted its quarterly earnings data on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($1.97) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 139 ($1.89) by GBX 6.20 ($0.08). The firm had revenue of GBX 4,400.50 billion during the quarter. Prudential had a net margin of 3.50% and a return on equity of 19.94%.

The company also recently announced a dividend, which was paid on Friday, May 18th. Stockholders of record on Thursday, March 29th were given a GBX 32.50 ($0.44) dividend. The ex-dividend date of this dividend was Thursday, March 29th. This is a boost from Prudential’s previous dividend of $14.50. This represents a dividend yield of 1.7%.

In other news, insider John W. Foley sold 81,468 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($23.70), for a total value of £1,423,245.96 ($1,930,610.36). Insiders bought a total of 30 shares of company stock valued at $54,950 over the last 90 days.

About Prudential

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)

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