Prudential (LON:PRU) Stock Rating Reaffirmed as “Buy” by Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank‘s price objective suggests a potential upside of 62.51% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,500 price target on shares of Prudential in a research note on Friday, August 28th. Citigroup reduced 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 note on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,453.

Prudential Stock Up 0.2%

Prudential stock opened at GBX 889.20 on Monday. The stock has a market capitalization of £21.89 billion, a PE ratio of 6.25, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91. Prudential has a twelve month low of GBX 867.40 and a twelve month high of GBX 1,238. The company has a 50 day moving average of GBX 963.35 and a 200-day moving average of GBX 1,061.91.

Insiders Place Their Bets

In related news, insider Anil Wadhwani bought 42 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of GBX 990 per share, for a total transaction of £415.80. 0.52% of the stock is owned by company 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.