Prudential (PRU) Earning Positive Press Coverage, Study Shows

Media stories about Prudential (LON:PRU) have been trending positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Prudential earned a news impact score of 2.71 on their scale. InfoTrie also gave press coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have impacted Prudential’s analysis:

PRU has been the subject of several analyst reports. Shore Capital reiterated an “under review” rating on shares of Prudential in a research report on Monday, September 17th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential in a research report on Tuesday, October 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,899 ($24.81) price target (down previously from GBX 1,899 ($24.81)) on shares of Prudential in a research report on Wednesday, August 29th. Credit Suisse Group reiterated an “outperform” rating on shares of Prudential in a research report on Thursday, August 23rd. Finally, Berenberg Bank lifted their price target on shares of Prudential from GBX 2,400 ($31.36) to GBX 2,600 ($33.97) and gave the stock a “buy” rating in a research report on Thursday, August 30th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,183.80 ($28.54).

Prudential stock traded up GBX 27.50 ($0.36) during midday trading on Monday, hitting GBX 1,568 ($20.49). 5,964,812 shares of the stock were exchanged, compared to its average volume of 4,740,000. Prudential has a 52 week low of GBX 1,612.14 ($21.07) and a 52 week high of GBX 1,992.50 ($26.04).

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About Prudential

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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