Insider Buying: Prudential (LON:PRU) Insider Purchases £415.80 in Stock

Prudential plc (LON:PRU) insider Anil Wadhwani acquired 42 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average cost of GBX 990 per share, with a total value of £415.80.

Prudential Price Performance

Shares of PRU stock opened at GBX 981 on Thursday. The firm’s 50-day simple moving average is GBX 1,039.92 and its 200-day simple moving average is GBX 1,062.21. Prudential plc has a 1-year low of GBX 910.20 and a 1-year high of GBX 1,238. The firm has a market cap of £24.14 billion, a P/E ratio of 6.90, a PEG ratio of 0.40 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PRU. Berenberg Bank reissued a “buy” rating and set a GBX 1,445 price objective on shares of Prudential in a research note on Thursday, September 3rd. Citigroup reduced their target price on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a report on Friday, September 4th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Prudential currently has an average rating of “Buy” and a consensus price target of GBX 1,453.

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.