Prudential Public (PUK) Downgraded by Zacks Investment Research to Hold

Prudential Public (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

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A number of other research analysts also recently commented on PUK. Berenberg Bank downgraded shares of Prudential Public from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. ValuEngine downgraded shares of Prudential Public from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $57.00.

Shares of PUK opened at $49.71 on Friday. Prudential Public has a 52 week low of $41.12 and a 52 week high of $55.36. The company has a market cap of $65,005.51, a P/E ratio of 13.29, a P/E/G ratio of 1.31 and a beta of 1.56. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.39.

A number of hedge funds have recently bought and sold shares of PUK. Deutsche Bank AG grew its position in Prudential Public by 181.1% in the fourth quarter. Deutsche Bank AG now owns 246,877 shares of the financial services provider’s stock worth $12,536,000 after acquiring an additional 159,039 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Prudential Public in the fourth quarter worth approximately $4,476,000. Parametric Portfolio Associates LLC grew its position in Prudential Public by 5.8% in the third quarter. Parametric Portfolio Associates LLC now owns 1,036,346 shares of the financial services provider’s stock worth $49,651,000 after acquiring an additional 56,663 shares in the last quarter. Bank of New York Mellon Corp grew its position in Prudential Public by 15.0% in the fourth quarter. Bank of New York Mellon Corp now owns 365,497 shares of the financial services provider’s stock worth $18,559,000 after acquiring an additional 47,598 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Prudential Public by 207.0% in the fourth quarter. SG Americas Securities LLC now owns 50,854 shares of the financial services provider’s stock worth $2,582,000 after acquiring an additional 34,291 shares in the last quarter. 1.57% of the stock is owned by institutional investors.

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Prudential Public Company Profile

Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

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