Societe Generale downgraded shares of Prudential plc (LON:PRU) to a sell rating in a research note issued to investors on Thursday morning. Societe Generale currently has GBX 1,250 ($15.47) target price on the stock.
Several other research firms have also recently issued reports on PRU. Deutsche Bank AG reiterated a hold rating and issued a GBX 1,385 ($17.14) target price on shares of Prudential plc in a research note on Thursday, August 11th. Goldman Sachs Group Inc. reiterated a conviction-buy rating and issued a GBX 1,750 ($21.66) target price on shares of Prudential plc in a research note on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($20.85) price target on shares of Prudential plc and gave the stock a buy rating in a report on Monday, September 5th. Barclays PLC reissued an overweight rating and issued a GBX 1,648 ($20.40) price target on shares of Prudential plc in a report on Thursday, September 8th. Finally, Canaccord Genuity boosted their price target on shares of Prudential plc from GBX 1,425 ($17.64) to GBX 1,515 ($18.75) and gave the stock a buy rating in a report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 1,575.05 ($19.49).
Prudential plc (LON:PRU) traded up 1.16% during midday trading on Thursday, hitting GBX 1398.00. 2,228,680 shares of the stock traded hands. The stock has a 50-day moving average of GBX 1,389.04 and a 200 day moving average of GBX 1,339.35. The firm’s market cap is GBX 35.90 billion. Prudential plc has a 52-week low of GBX 1,085.00 and a 52-week high of GBX 1,578.50.
The company also recently announced a dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, August 25th were paid a dividend of GBX 12.93 ($0.16) per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a dividend yield of 0.91%.
In other news, insider David J. A. Law bought 3,577 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average cost of GBX 1,388 ($17.18) per share, for a total transaction of £49,648.76 ($61,446.49). Also, insider Tony Paul Wilkey sold 559 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of GBX 1,421 ($17.59), for a total transaction of £7,943.39 ($9,830.93).
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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