HSBC Raises Prudential plc (PRU) Price Target to GBX 1,680
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Prudential plc to an underweight rating and reduced their target price for the stock from GBX 1,372 ($18.27) to GBX 1,252 ($16.68) in a report on Tuesday, July 5th. Societe Generale lowered Prudential plc to a hold rating and reduced their target price for the stock from GBX 1,900 ($25.31) to GBX 1,400 ($18.65) in a report on Tuesday, May 31st. Goldman Sachs Group Inc. set a GBX 1,750 ($23.31) target price on Prudential plc and gave the stock a buy rating in a report on Tuesday, June 28th. Deutsche Bank AG cut their price target on Prudential plc from GBX 1,620 ($21.58) to GBX 1,385 ($18.45) and set a hold rating for the company in a report on Wednesday, June 29th. Finally, Panmure Gordon cut their price target on Prudential plc from GBX 1,891 ($25.19) to GBX 1,545 ($20.58) and set a buy rating for the company in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 1,587.64 ($21.15).
Prudential plc (LON:PRU) opened at 1368.32 on Wednesday. The firm’s market cap is GBX 35.14 billion. The firm has a 50-day moving average of GBX 1,375.69 and a 200-day moving average of GBX 1,330.44. Prudential plc has a 12-month low of GBX 1,045.99 and a 12-month high of GBX 1,578.50.
The company also recently declared a dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, August 25th will be issued a GBX 12.93 ($0.17) dividend. This represents a yield of 0.91%. The ex-dividend date is Thursday, August 25th.
In other news, insider Turner,Lord J. Adair purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were acquired at an average price of GBX 1,178 ($15.69) per share, for a total transaction of £17,670 ($23,534.90).
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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