Royal Bank Of Canada Reaffirms Sector Performer Rating for Prudential plc (PRU)
Royal Bank Of Canada reaffirmed their sector performer rating on shares of Prudential plc (LON:PRU) in a research note published on Wednesday. Royal Bank Of Canada currently has a GBX 1,470 ($19.58) price target on the stock.
A number of other brokerages have also weighed in on PRU. Deutsche Bank AG restated a hold rating and issued a GBX 1,385 ($18.45) price objective on shares of Prudential plc in a report on Thursday, August 11th. Societe Generale reiterated a hold rating and set a GBX 1,400 ($18.65) target price on shares of Prudential plc in a research note on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a conviction-buy rating and set a GBX 1,750 ($23.31) target price on shares of Prudential plc in a research note on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($22.44) target price on shares of Prudential plc and gave the company a buy rating in a research note on Monday, September 5th. Finally, Barclays PLC reiterated an overweight rating and set a GBX 1,648 ($21.95) target price on shares of Prudential plc in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 1,587.64 ($21.15).
Shares of Prudential plc (LON:PRU) opened at 1368.50 on Wednesday. Prudential plc has a 12 month low of GBX 1,045.99 and a 12 month high of GBX 1,578.50. The stock’s market cap is GBX 35.14 billion. The company has a 50 day moving average price of GBX 1,375.69 and a 200-day moving average price of GBX 1,330.44.
The firm also recently announced a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th will be given a dividend of GBX 12.93 ($0.17) per share. This represents a dividend yield of 0.91%. The ex-dividend date is Thursday, August 25th.
In other Prudential plc news, insider Turner,Lord J. Adair bought 1,500 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were purchased at an average cost of GBX 1,178 ($15.69) per share, for a total transaction of £17,670 ($23,534.90).
About Prudential plc
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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