Macquarie Boosts Prudential plc (LON:PRU) Price Target to GBX 1,977

Prudential plc (LON:PRU) had its target price hoisted by research analysts at Macquarie from GBX 1,877 ($24.44) to GBX 1,977 ($25.75) in a research report issued on Friday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Macquarie’s price objective suggests a potential upside of 8.27% from the company’s current price.

A number of other research firms have also commented on PRU. J P Morgan Chase & Co boosted their price target on shares of Prudential plc from GBX 1,705 ($22.20) to GBX 1,800 ($23.44) and gave the company a “neutral” rating in a research report on Tuesday, August 1st. S&P Global set a GBX 1,900 ($24.74) price target on shares of Prudential plc and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,000 ($26.05) price target on shares of Prudential plc in a research report on Wednesday, July 26th. Barclays PLC restated an “overweight” rating and issued a GBX 1,931 ($25.15) price target on shares of Prudential plc in a research report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 2,000 ($26.05) price target on shares of Prudential plc in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 1,894.28 ($24.67).

Prudential plc (LON PRU) opened at 1812.00 on Friday. The company’s 50 day moving average is GBX 1,804.54 and its 200-day moving average is GBX 1,717.07. The firm’s market cap is GBX 46.57 billion. Prudential plc has a 1-year low of GBX 1,290.00 and a 1-year high of GBX 1,889.50.

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In other Prudential plc news, insider Lord J. Adair Turner purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was acquired at an average cost of GBX 1,802 ($23.47) per share, with a total value of £18,020 ($23,466.60). Over the last three months, insiders have purchased 1,030 shares of company stock valued at $1,856,180.

About Prudential plc

Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.

Analyst Recommendations for Prudential plc (LON:PRU)

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