Barclays Reaffirms “Buy” Rating for Prudential (LON:PRU)
Barclays reissued their buy rating on shares of Prudential (LON:PRU) in a report issued on Tuesday morning, Borsen Zeitung reports. They currently have a GBX 1,749 ($23.01) price objective on the financial services provider’s stock.
PRU has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price target on Prudential from GBX 1,329 ($17.48) to GBX 1,323 ($17.40) and set a neutral rating for the company in a report on Tuesday, January 7th. Evercore ISI lowered their price target on Prudential from GBX 1,850 ($24.34) to GBX 1,600 ($21.05) and set an outperform rating for the company in a report on Tuesday, October 29th. Deutsche Bank reiterated a hold rating and issued a GBX 1,500 ($19.73) price target on shares of Prudential in a report on Friday, January 31st. UBS Group reiterated a buy rating on shares of Prudential in a report on Thursday, January 16th. Finally, Societe Generale lowered their price target on Prudential from GBX 1,300 ($17.10) to GBX 1,200 ($15.79) and set a sell rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 1,661.87 ($21.86).
Shares of LON PRU opened at GBX 1,479.50 ($19.46) on Tuesday. Prudential has a twelve month low of GBX 132.20 ($1.74) and a twelve month high of GBX 1,795 ($23.61). The company has a current ratio of 1.04, a quick ratio of 0.04 and a debt-to-equity ratio of 81.74. The company has a market capitalization of $38.55 billion and a price-to-earnings ratio of 11.98. The business has a 50 day simple moving average of GBX 1,430.75 and a 200-day simple moving average of GBX 1,423.76.
Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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