Prudential PLC (PUK) Lifted to Buy at Zacks Investment Research
According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “
Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. restated a sell rating on shares of Prudential PLC in a research report on Tuesday, September 6th. Bank of America Corp. set a $42.40 price objective on shares of Prudential PLC and gave the company a buy rating in a research report on Wednesday, August 10th. Finally, Societe Generale cut shares of Prudential PLC from a buy rating to a hold rating in a research report on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $44.63.
Shares of Prudential PLC (NYSE:PUK) opened at 35.46 on Tuesday. The stock has a market cap of $45.53 billion, a P/E ratio of 18.58 and a beta of 1.73. Prudential PLC has a 12 month low of $29.14 and a 12 month high of $48.54. The company has a 50 day moving average of $36.25 and a 200 day moving average of $36.96.
The firm also recently declared a dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, August 26th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Wednesday, August 24th.
Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Prudential PLC by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,391 shares of the company’s stock valued at $115,000 after buying an additional 68 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Prudential PLC by 21.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,493 shares of the company’s stock valued at $129,000 after buying an additional 619 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Prudential PLC by 100.2% in the second quarter. NEXT Financial Group Inc now owns 3,796 shares of the company’s stock valued at $129,000 after buying an additional 1,900 shares in the last quarter. Advisor Group Inc. acquired a new stake in shares of Prudential PLC during the second quarter valued at approximately $162,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Prudential PLC during the first quarter valued at approximately $218,000. Institutional investors own 1.44% of the company’s stock.
Prudential PLC Company Profile
Prudential PLC (Prudential) is an international financial services group with operations in Asia, the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations.
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