Prudential (LON:PRU) Earns Buy Rating from Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s target price indicates a potential upside of 42.29% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,500 price objective on shares of Prudential in a report on Friday, August 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,458.

Prudential Stock Up 1.2%

LON PRU opened at GBX 1,015.50 on Thursday. The stock has a market cap of £25.26 billion, a P/E ratio of 6.62, a PEG ratio of 0.40 and a beta of 0.90. The company’s 50-day simple moving average is GBX 1,044.17 and its 200 day simple moving average is GBX 1,070.11. Prudential has a twelve month low of GBX 910.20 and a twelve month high of GBX 1,238.

Insider Transactions at Prudential

In related news, insider Douglas Flint acquired 12,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of GBX 959 per share, with a total value of £119,875. 0.52% of the stock is owned by corporate 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.