Prudential (LON:PRU) Given “Buy” Rating at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They currently have a GBX 1,445 price objective on the financial services provider’s stock. Berenberg Bank‘s price objective would suggest a potential upside of 62.63% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Citigroup reduced their target price on shares of Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, September 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 1,453.

Prudential Stock Up 0.4%

Shares of LON:PRU traded up GBX 3.34 during trading on Monday, reaching GBX 888.52. The stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 23,161,531. The firm has a market capitalization of £21.88 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.40 and a beta of 0.91. Prudential has a 52 week low of GBX 867.40 and a 52 week high of GBX 1,238. The stock has a fifty day simple moving average of GBX 963.35 and a two-hundred day simple moving average of GBX 1,061.91.

Insider Buying and Selling at Prudential

In other Prudential news, insider Anil Wadhwani acquired 42 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of GBX 990 per share, for a total transaction of £415.80. 0.52% of the stock is owned by corporate insiders.

About Prudential

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.