Prudential (LON:PRU) Given Buy Rating at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They presently have a GBX 1,445 price objective on the financial services provider’s stock. Berenberg Bank‘s target price would indicate a potential upside of 61.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup lowered their price objective on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, September 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,500 target price on shares of Prudential in a research report on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Prudential currently has a consensus rating of “Buy” and an average price target of GBX 1,453.

Prudential Trading Up 0.9%

Shares of PRU stock traded up GBX 7.62 on Monday, hitting GBX 892.80. 46,041,906 shares of the stock were exchanged, compared to its average volume of 13,011,975. The firm has a market capitalization of £21.98 billion, a PE ratio of 6.28, a P/E/G ratio of 0.40 and a beta of 0.91. Prudential has a one year low of GBX 867.40 and a one year high of GBX 1,238. The firm’s 50 day moving average is GBX 963.34 and its two-hundred day moving average is GBX 1,032.51.

Insider Transactions at Prudential

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

Prudential Company Profile

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.