Prudential plc (LON:PRU) had its price target hoisted by Jefferies Group from GBX 1,416 ($18.48) to GBX 1,437 ($18.76) in a research note issued to investors on Thursday. Jefferies Group currently has a hold rating on the stock.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. lowered Prudential plc to an underweight rating and cut their price objective for the stock from GBX 1,372 ($17.91) to GBX 1,252 ($16.34) in a report on Tuesday, July 5th. Societe Generale lowered Prudential plc to a hold rating and cut their price objective for the stock from GBX 1,900 ($24.80) to GBX 1,400 ($18.27) in a report on Tuesday, May 31st. Goldman Sachs Group Inc. set a GBX 1,750 ($22.84) price objective on Prudential plc and gave the stock a buy rating in a report on Tuesday, June 28th. Deutsche Bank AG cut their price objective on Prudential plc from GBX 1,620 ($21.15) to GBX 1,385 ($18.08) and set a hold rating for the company in a report on Wednesday, June 29th. Finally, Panmure Gordon cut their price objective on Prudential plc from GBX 1,891 ($24.68) to GBX 1,545 ($20.17) and set a buy rating for the company in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. Prudential plc currently has a consensus rating of Buy and an average target price of GBX 1,588.59 ($20.74).
Prudential plc (LON:PRU) opened at 1360.50 on Thursday. The company’s market cap is GBX 34.94 billion. The firm’s 50-day moving average price is GBX 1,386.00 and its 200-day moving average price is GBX 1,333.56. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,578.50.
The firm also recently announced a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, August 25th will be issued a GBX 12.93 ($0.17) dividend. This represents a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, August 25th.
In other news, insider Tony Paul Wilkey sold 47,182 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of GBX 1,401 ($18.29), for a total value of £661,019.82 ($862,837.51).
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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