Credit Suisse Group set a GBX 1,810 ($23.65) price objective on Prudential (LON:PRU) in a report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts also recently commented on PRU. Morgan Stanley restated an overweight rating and issued a GBX 2,100 ($27.44) price objective on shares of Prudential in a report on Monday, September 30th. Shore Capital restated a buy rating on shares of Prudential in a report on Thursday, July 4th. Royal Bank of Canada restated a sector performer rating on shares of Prudential in a report on Thursday, August 15th. Barclays restated an overweight rating and issued a GBX 2,088 ($27.28) price objective on shares of Prudential in a report on Monday, September 9th. Finally, HSBC set a GBX 2,250 ($29.40) price objective on Prudential and gave the stock a buy rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Prudential presently has a consensus rating of Buy and an average price target of GBX 1,907 ($24.92).
LON PRU opened at GBX 1,508.50 ($19.71) on Tuesday. The company has a 50 day simple moving average of GBX 1,423.06 and a 200-day simple moving average of GBX 1,591.72. The company has a debt-to-equity ratio of 81.74, a current ratio of 1.04 and a quick ratio of 0.04. The firm has a market capitalization of $39.22 billion and a price-to-earnings ratio of 12.21. Prudential has a 52-week low of GBX 1,299.50 ($16.98) and a 52-week high of GBX 1,795 ($23.45).
In related news, insider James Turner purchased 25,000 shares of the stock in a transaction on Tuesday, October 8th. The shares were bought at an average price of GBX 1,389 ($18.15) per share, for a total transaction of £347,250 ($453,743.63). Also, insider Fields Wicker-Miurin purchased 1,000 shares of the stock in a transaction on Friday, October 4th. The shares were bought at an average price of GBX 1,381 ($18.05) per share, for a total transaction of £13,810 ($18,045.21). Insiders purchased 26,025 shares of company stock worth $36,142,741 in the last 90 days.
Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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