Prudential plc (PRU) Price Target Raised to GBX 2,015 at Barclays PLC
Prudential plc (LON:PRU) had its target price raised by Barclays PLC from GBX 1,949 ($25.17) to GBX 2,015 ($26.02) in a report issued on Monday morning. The firm currently has an overweight rating on the financial services provider’s stock.
PRU has been the topic of a number of other reports. Deutsche Bank AG reiterated a buy rating on shares of Prudential plc in a report on Monday, September 4th. J P Morgan Chase & Co upped their price objective on Prudential plc from GBX 1,705 ($22.02) to GBX 1,800 ($23.25) and gave the company a neutral rating in a report on Tuesday, August 1st. Berenberg Bank upped their price objective on Prudential plc from GBX 2,200 ($28.41) to GBX 2,400 ($31.00) and gave the company a buy rating in a report on Thursday, August 31st. Credit Suisse Group reiterated an outperform rating and issued a GBX 2,045 ($26.41) price objective on shares of Prudential plc in a report on Friday, May 19th. Finally, Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 2,000 ($25.83) price objective on shares of Prudential plc in a report on Tuesday, May 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of GBX 1,954.50 ($25.24).
Shares of Prudential plc (LON PRU) opened at 1744.00 on Monday. The stock has a 50 day moving average price of GBX 1,814.36 and a 200 day moving average price of GBX 1,753.07. The stock’s market capitalization is GBX 44.90 billion. Prudential plc has a one year low of GBX 1,290.00 and a one year high of GBX 1,889.50.
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The business also recently announced a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 24th will be issued a GBX 14.50 ($0.19) dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 0.79%.
In related news, insider Lord J. Adair Turner bought 1,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was bought at an average cost of GBX 1,802 ($23.27) per share, with a total value of £18,020 ($23,272.63). Over the last ninety days, insiders acquired 1,031 shares of company stock valued at $1,857,855.
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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