Prudential plc (LON:PRU)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a note issued to investors on Tuesday. They presently have a GBX 1,877 ($23.18) target price on the stock. Macquarie’s target price would indicate a potential upside of 6.14% from the company’s previous close.
A number of other research analysts have also recently issued reports on PRU. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) price objective on Prudential plc and gave the company a “buy” rating in a report on Wednesday, November 23rd. BNP Paribas lifted their price objective on Prudential plc from GBX 1,700 ($21.00) to GBX 1,800 ($22.23) and gave the company an “outperform” rating in a report on Tuesday, November 29th. Royal Bank of Canada set a GBX 1,550 ($19.14) price objective on Prudential plc and gave the company a “neutral” rating in a report on Wednesday, December 7th. Jefferies Group LLC lifted their price objective on Prudential plc from GBX 1,437 ($17.75) to GBX 1,469 ($18.14) and gave the company a “hold” rating in a report on Thursday, December 8th. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 1,845 ($22.79) price objective (up from GBX 1,748 ($21.59)) on shares of Prudential plc in a report on Monday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Prudential plc has an average rating of “Buy” and a consensus target price of GBX 1,763.58 ($21.78).
Shares of Prudential plc (LON:PRU) opened at 1768.75 on Tuesday. The firm has a 50-day moving average of GBX 1,631.54 and a 200-day moving average of GBX 1,522.44. Prudential plc has a one year low of GBX 1,096.00 and a one year high of GBX 1,801.50. The firm’s market capitalization is GBX 45.36 billion.
The company also recently disclosed a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be given a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. This is a positive change from Prudential plc’s previous dividend of $12.93. The ex-dividend date is Thursday, March 30th.
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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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