Morgan Stanley set a GBX 2,428 ($31.73) target price on Prudential (LON:PRU) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on PRU. UBS Group reiterated a buy rating and issued a GBX 2,000 ($26.13) price objective (down from GBX 2,100 ($27.44)) on shares of Prudential in a research note on Friday, February 1st. Barclays restated a top pick rating on shares of Prudential in a research report on Monday, January 21st. Deutsche Bank reaffirmed a buy rating and issued a GBX 1,750 ($22.87) price target on shares of Prudential in a research note on Monday, January 7th. Royal Bank of Canada upped their price target on Prudential from GBX 1,600 ($20.91) to GBX 1,750 ($22.87) and gave the company a sector performer rating in a research report on Tuesday, December 11th. Finally, JPMorgan Chase & Co. upped their price target on Prudential from GBX 1,522 ($19.89) to GBX 1,558 ($20.36) and gave the company a neutral rating in a research report on Tuesday, February 5th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 2,041.33 ($26.67).

PRU opened at GBX 1,654.50 ($21.62) on Tuesday. Prudential has a fifty-two week low of GBX 1,325 ($17.31) and a fifty-two week high of GBX 1,962 ($25.64). The company has a debt-to-equity ratio of 113.46, a quick ratio of 0.14 and a current ratio of 1.17. The firm has a market cap of $42.95 billion and a price-to-earnings ratio of 14.17.

The company also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, March 28th will be issued a dividend of GBX 33.68 ($0.44) per share. This is a positive change from Prudential’s previous dividend of $15.67. The ex-dividend date of this dividend is Thursday, March 28th. This represents a dividend yield of 2.18%. Prudential’s dividend payout ratio (DPR) is presently 0.42%.

In other news, insider Mike Wells sold 149,122 shares of Prudential stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of GBX 1,561 ($20.40), for a total value of £2,327,794.42 ($3,041,675.71).

Prudential Company Profile

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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Analyst Recommendations for Prudential (LON:PRU)

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