Panmure Gordon reaffirmed their buy rating on shares of Prudential plc (LON:PRU) in a research note issued to investors on Thursday. The firm currently has a GBX 1,610 ($21.02) price target on the stock.
Other equities analysts have also recently issued research reports about the stock. HSBC decreased their target price on shares of Prudential plc from GBX 1,945 ($25.39) to GBX 1,570 ($20.49) and set a buy rating on the stock in a research report on Wednesday, June 29th. Berenberg Bank reiterated a buy rating and issued a GBX 1,783 ($23.27) target price on shares of Prudential plc in a research report on Monday, July 4th. Goldman Sachs Group Inc. set a GBX 1,750 ($22.84) target price on shares of Prudential plc and gave the stock a buy rating in a research report on Tuesday, June 28th. Canaccord Genuity decreased their target price on shares of Prudential plc from GBX 1,600 ($20.89) to GBX 1,425 ($18.60) and set a buy rating on the stock in a research report on Monday, June 27th. Finally, Bank of America Corp. set a GBX 1,560 ($20.36) target price on shares of Prudential plc and gave the stock a buy rating in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of GBX 1,591.55 ($20.77).
Shares of Prudential plc (LON:PRU) opened at 1417.00 on Thursday. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50. The company has a 50 day moving average of GBX 1,382.10 and a 200-day moving average of GBX 1,334.76. The firm’s market cap is GBX 36.39 billion.
The company also recently announced a dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th were issued a GBX 12.93 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 0.91%.
In other news, insider Tony Paul Wilkey sold 47,182 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of GBX 1,401 ($18.29), for a total transaction of £661,019.82 ($862,837.51). Also, insider Lord J. Adair Turner acquired 2,000 shares of the firm’s stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of GBX 1,398 ($18.25) per share, with a total value of £27,960 ($36,496.54).
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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