Prudential’s (PRU) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Prudential (LON:PRU) in a research report report published on Thursday,Digital Look reports. The firm currently has a GBX 1,500 price target on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Citigroup dropped their price objective on shares of Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research report on Friday, September 4th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,445 price objective on shares of Prudential in a research report on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat, Prudential has an average rating of “Buy” and a consensus price target of GBX 1,453.

Prudential Price Performance

PRU opened at GBX 921.80 on Thursday. Prudential has a one year low of GBX 867.40 and a one year high of GBX 1,238. The company’s 50 day simple moving average is GBX 950.82 and its 200-day simple moving average is GBX 1,055.22. The stock has a market capitalization of £22.70 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91.

Insiders Place Their Bets

In other Prudential news, insider Anil Wadhwani bought 42 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of GBX 990 per share, for a total transaction of £415.80. Corporate insiders own 0.52% of the company’s stock.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.