Prudential plc (PRU) Price Target Raised to GBX 1,500 at Royal Bank Of Canada

Prudential plc (LON:PRU) had its price objective increased by Royal Bank Of Canada from GBX 1,470 ($18.19) to GBX 1,500 ($18.56) in a research report sent to investors on Friday morning. Royal Bank Of Canada currently has a sector performer rating on the stock.

A number of other brokerages also recently commented on PRU. Societe Generale downgraded Prudential plc to a sell rating and set a GBX 1,250 ($15.47) price objective for the company. in a research report on Thursday. Deutsche Bank AG restated a hold rating and set a GBX 1,385 ($17.14) target price on shares of Prudential plc in a research report on Thursday, August 11th. Goldman Sachs Group Inc. restated a conviction-buy rating and set a GBX 1,750 ($21.66) target price on shares of Prudential plc in a research report on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($20.85) target price on Prudential plc and gave the stock a buy rating in a research report on Monday, September 5th. Finally, Barclays PLC restated an overweight rating and set a GBX 1,648 ($20.40) target price on shares of Prudential plc in a research report on Thursday, September 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 1,575.05 ($19.49).

Shares of Prudential plc (LON:PRU) traded down 0.72% on Friday, reaching GBX 1376.50. The company had a trading volume of 1,985,492 shares. The company has a 50-day moving average price of GBX 1,388.26 and a 200-day moving average price of GBX 1,339.77. The firm’s market cap is GBX 35.35 billion. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,578.50.

The firm also recently announced a dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, August 25th were paid a GBX 12.93 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 0.91%.

In other Prudential plc news, insider David J. A. Law bought 3,577 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was purchased at an average cost of GBX 1,388 ($17.18) per share, with a total value of £49,648.76 ($61,446.49). Also, insider Tony Paul Wilkey sold 559 shares of the business’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of GBX 1,421 ($17.59), for a total value 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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