Berenberg Bank Boosts Prudential plc (PRU) Price Target to GBX 2,400
Prudential plc (LON:PRU) had its price target lifted by investment analysts at Berenberg Bank from GBX 2,200 ($28.45) to GBX 2,400 ($31.04) in a research report issued on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s target price suggests a potential upside of 34.12% from the stock’s previous close.
PRU has been the topic of several other reports. Barclays PLC restated an “overweight” rating and set a GBX 1,931 ($24.97) price objective on shares of Prudential plc in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) raised their price objective on Prudential plc from GBX 1,775 ($22.96) to GBX 2,000 ($25.87) and gave the stock a “buy” rating in a research note on Monday, May 8th. J P Morgan Chase & Co raised their price objective on Prudential plc from GBX 1,705 ($22.05) to GBX 1,800 ($23.28) and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Credit Suisse Group restated an “outperform” rating and set a GBX 2,045 ($26.45) price objective on shares of Prudential plc in a research note on Friday, May 19th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 2,000 ($25.87) price objective on shares of Prudential plc in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,918.61 ($24.81).
Prudential plc (LON:PRU) opened at 1789.50 on Thursday. Prudential plc has a 52 week low of GBX 1,290.00 and a 52 week high of GBX 1,889.50. The firm’s 50-day moving average is GBX 1,811.61 and its 200-day moving average is GBX 1,736.06. The firm’s market cap is GBX 46.07 billion.
COPYRIGHT VIOLATION WARNING: “Berenberg Bank Boosts Prudential plc (PRU) Price Target to GBX 2,400” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/berenberg-bank-boosts-prudential-plc-pru-price-target-to-gbx-2400/1532807.html.
In other Prudential plc news, insider Lord J. Adair Turner purchased 1,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were bought at an average cost of GBX 1,802 ($23.31) per share, with a total value of £18,020 ($23,305.74). Insiders have bought 1,030 shares of company stock worth $1,856,180 over the last three months.
About Prudential plc
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
Receive News & Ratings for Prudential plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential plc and related companies with Analyst Ratings Network's FREE daily email newsletter.