Prudential (PRU) Price Target Raised to GBX 2,000 at Deutsche Bank
Prudential (LON:PRU) had its target price boosted by Deutsche Bank from GBX 1,750 ($22.87) to GBX 2,000 ($26.13) in a research report released on Tuesday, Borsen Zeitung reports. Deutsche Bank currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts have also weighed in on PRU. 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. 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. UBS Group reiterated a buy rating and issued a GBX 2,000 ($26.13) price objective on shares of Prudential in a research report on Friday, April 5th. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 1,558 ($20.36) price objective on shares of Prudential in a research report on Monday, April 8th. Finally, Shore Capital restated a buy rating and set a GBX 1,950 ($25.48) target price on shares of Prudential in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 2,062.17 ($26.95).
LON:PRU opened at GBX 1,776 ($23.21) on Tuesday. Prudential has a 1-year low of GBX 1,325 ($17.31) and a 1-year 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 capitalization of $46.30 billion and a P/E ratio of 15.21.
In other Prudential news, insider Mike Wells sold 149,122 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of GBX 1,561 ($20.40), for a total transaction 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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