Zacks Investment Research Upgrades Prudential Public (PUK) to “Buy”

Prudential Public (NYSE:PUK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm presently has a $60.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.54% from the company’s previous close.

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. “

Separately, ValuEngine downgraded shares of Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $60.00.

Shares of Prudential Public (NYSE PUK) opened at $54.28 on Friday. Prudential Public has a fifty-two week low of $38.17 and a fifty-two week high of $54.31.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its stake in shares of Prudential Public by 5.8% during the third quarter. Parametric Portfolio Associates LLC now owns 1,036,346 shares of the financial services provider’s stock valued at $49,651,000 after buying an additional 56,663 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Prudential Public during the third quarter valued at approximately $1,035,000. Hansberger Growth Investors LP lifted its stake in shares of Prudential Public by 4.3% during the third quarter. Hansberger Growth Investors LP now owns 58,880 shares of the financial services provider’s stock valued at $2,821,000 after buying an additional 2,421 shares during the period. Capital Bank & Trust Co lifted its stake in shares of Prudential Public by 6.4% during the third quarter. Capital Bank & Trust Co now owns 532,464 shares of the financial services provider’s stock valued at $25,510,000 after buying an additional 32,079 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Prudential Public by 3.2% during the third quarter. Earnest Partners LLC now owns 33,178 shares of the financial services provider’s stock valued at $1,590,000 after buying an additional 1,036 shares during the period. 1.63% of the stock is currently owned by institutional investors and hedge funds.

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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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