Prudential plc (PRU) Receives Average Recommendation of “Buy” from Brokerages

Shares of Prudential plc (LON:PRU) have received a consensus rating of “Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,027.68 ($27.50).

A number of equities analysts recently issued reports on PRU shares. Deutsche Bank reiterated a “buy” rating and issued a GBX 2,000 ($27.12) target price on shares of Prudential in a research report on Thursday, October 5th. Citigroup reiterated a “buy” rating and issued a GBX 2,109 ($28.60) target price on shares of Prudential in a research report on Thursday, November 2nd. Shore Capital restated a “buy” rating on shares of Prudential in a research report on Thursday, November 16th. Goldman Sachs Group set a GBX 2,040 ($27.66) price objective on shares of Prudential and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, UBS Group set a GBX 2,200 ($29.83) price objective on shares of Prudential and gave the company a “buy” rating in a research report on Friday, November 17th.

Shares of Prudential (LON PRU) traded up GBX 1.50 ($0.02) on Friday, reaching GBX 1,973 ($26.76). 1,680,000 shares of the company were exchanged, compared to its average volume of 3,820,000. The company has a market cap of $51,050.00 and a price-to-earnings ratio of 1,843.93. Prudential has a 12-month low of GBX 1,524 ($20.67) and a 12-month high of GBX 1,984 ($26.91).

In related news, insider Anne Richards purchased 21,408 shares of Prudential stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of GBX 1,833 ($24.86) per share, with a total value of £392,408.64 ($532,151.67). Also, insider David J. A. Law purchased 2,162 shares of Prudential stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of GBX 1,837 ($24.91) per share, with a total value of £39,715.94 ($53,859.43). Insiders have acquired 23,600 shares of company stock valued at $43,268,288 over the last ninety days.

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About Prudential

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.

Analyst Recommendations for Prudential (LON:PRU)

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