Prudential (LON:PRU) Stock Rating Reaffirmed by Credit Suisse Group
Credit Suisse Group reissued their outperform rating on shares of Prudential (LON:PRU) in a report issued on Friday, Borsen Zeitung reports. Credit Suisse Group currently has a GBX 1,845 ($24.11) target price on the financial services provider’s stock.
PRU has been the subject of several other research reports. HSBC set a GBX 2,300 ($30.05) price objective on shares of Prudential and gave the company a buy rating in a research report on Monday, June 3rd. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Prudential in a research report on Monday, May 13th. Barclays set a GBX 2,019 ($26.38) price objective on shares of Prudential and gave the company a buy rating in a research report on Thursday, April 4th. Deutsche Bank reaffirmed a buy rating on shares of Prudential in a research report on Monday, May 13th. Finally, Morgan Stanley set a GBX 2,428 ($31.73) price objective on shares of Prudential and gave the company a buy rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 2,061 ($26.93).
LON PRU opened at GBX 1,684 ($22.00) on Friday. Prudential has a one year low of GBX 1,325 ($17.31) and a one year high of GBX 1,843 ($24.08). The firm has a 50 day simple moving average of GBX 1,642.05. The company has a debt-to-equity ratio of 113.46, a current ratio of 1.17 and a quick ratio of 0.14. The stock has a market capitalization of $43.58 billion and a price-to-earnings ratio of 14.42.
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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