Prudential plc (PRU) Given “Buy” Rating at Goldman Sachs Group Inc
Several other research firms have also recently weighed in on PRU. Deutsche Bank AG raised their price target on Prudential plc from GBX 1,775 ($22.34) to GBX 2,000 ($25.17) and gave the company a buy rating in a report on Tuesday, March 21st. Macquarie reaffirmed an outperform rating and issued a GBX 1,877 ($23.62) price target on shares of Prudential plc in a report on Tuesday, March 21st. Panmure Gordon raised their price target on Prudential plc from GBX 1,850 ($23.29) to GBX 2,061 ($25.94) and gave the company a buy rating in a report on Monday, March 20th. BNP Paribas reaffirmed an outperform rating and issued a GBX 1,880 ($23.66) price target on shares of Prudential plc in a report on Monday, March 20th. Finally, Canaccord Genuity raised their price target on Prudential plc from GBX 1,700 ($21.40) to GBX 1,900 ($23.91) and gave the company a buy rating in a report on Friday, March 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Prudential plc presently has an average rating of Buy and a consensus target price of GBX 1,797.89 ($22.63).
Prudential plc (LON:PRU) traded down 0.33% during midday trading on Thursday, hitting GBX 1640.50. The stock had a trading volume of 5,506,304 shares. Prudential plc has a 52 week low of GBX 1,096.00 and a 52 week high of GBX 1,801.50. The stock’s market cap is GBX 42.17 billion. The company has a 50-day moving average price of GBX 1,681.82 and a 200-day moving average price of GBX 1,569.34.
The business also recently declared a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be given a dividend of GBX 30.57 ($0.38) per share. 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 of this dividend is Thursday, March 30th.
In related news, insider Tony Paul Wilkey sold 147,537 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of GBX 1,663 ($20.93), for a total transaction of £2,453,540.31 ($3,088,156.46). Also, insider John W. Foley sold 22,807 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of GBX 1,663 ($20.93), for a total value of £379,280.41 ($477,382.52). Over the last 90 days, insiders have purchased 34 shares of company stock worth $55,326.
Prudential plc Company Profile
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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