Prudential plc (LON:PRU) had its price target raised by Royal Bank Of Canada from GBX 1,470 ($17.92) to GBX 1,500 ($18.28) in a research note published on Friday morning. Royal Bank Of Canada currently has a sector performer rating on the stock.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Prudential plc to an underweight rating and decreased their target price for the stock from GBX 1,372 ($16.72) to GBX 1,252 ($15.26) in a research report on Tuesday, July 5th. Goldman Sachs Group Inc. set a GBX 1,750 ($21.33) target price on shares of Prudential plc and gave the stock a buy rating in a research report on Tuesday, June 28th. Deutsche Bank AG decreased their target price on shares of Prudential plc from GBX 1,620 ($19.74) to GBX 1,385 ($16.88) and set a hold rating for the company in a research report on Wednesday, June 29th. Panmure Gordon decreased their target price on shares of Prudential plc from GBX 1,891 ($23.05) to GBX 1,545 ($18.83) and set a buy rating for the company in a research report on Wednesday, August 3rd. Finally, HSBC decreased their target price on shares of Prudential plc from GBX 1,945 ($23.71) to GBX 1,570 ($19.13) and set a buy rating for the company in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. Prudential plc presently has an average rating of Buy and an average price target of GBX 1,575.05 ($19.20).
Prudential plc (LON:PRU) opened at 1374.50 on Friday. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,578.50. The stock’s market cap is GBX 35.29 billion. The firm’s 50 day moving average price is GBX 1,389.08 and its 200 day moving average price is GBX 1,341.53.
The business also recently disclosed a dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th were paid a GBX 12.93 ($0.16) dividend. The ex-dividend date was Thursday, August 25th. This represents a yield of 0.91%.
In related news, insider Lord J. Adair Turner acquired 2,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were purchased at an average price of GBX 1,398 ($17.04) per share, for a total transaction of £27,960 ($34,076.78). Also, insider David J. A. Law acquired 3,577 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was bought at an average price of GBX 1,388 ($16.92) per share, for a total transaction of £49,648.76 ($60,510.37).
About Prudential plc
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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