Goldman Sachs Group, Inc. (The) Analysts Give Prudential plc (PRU) a GBX 2,040 Price Target
Prudential plc (LON:PRU) has been assigned a GBX 2,040 ($26.83) price target by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 10.09% from the stock’s previous close.
Several other research analysts have also weighed in on the company. Barclays PLC reiterated an “overweight” rating and set a GBX 1,949 ($25.63) target price on shares of Prudential plc in a report on Friday, July 21st. Deutsche Bank AG reiterated a “buy” rating and set a GBX 2,000 ($26.31) target price on shares of Prudential plc in a report on Thursday, October 5th. Societe Generale lifted their target price on Prudential plc from GBX 1,725 ($22.69) to GBX 1,790 ($23.54) and gave the stock a “hold” rating in a report on Thursday, September 14th. Morgan Stanley lifted their target price on Prudential plc from GBX 2,092 ($27.52) to GBX 2,166 ($28.49) and gave the stock an “overweight” rating in a report on Thursday, October 19th. Finally, Berenberg Bank lifted their target price on Prudential plc from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the stock a “buy” rating in a report on Thursday, August 31st. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 1,978.58 ($26.02).
Prudential plc (LON:PRU) opened at GBX 1,853 ($24.37) on Wednesday. Prudential plc has a twelve month low of GBX 1,488 ($19.57) and a twelve month high of GBX 1,893.50 ($24.90).
In related news, insider Anthony Nightingale bought 20,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 1,788 ($23.52) per share, with a total value of £357,600 ($470,340.66). In the last ninety days, insiders purchased 20,031 shares of company stock worth $35,815,785.
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.
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