Deutsche Bank AG Raises Prudential plc (PRU) Price Target to GBX 2,000

Prudential plc (LON:PRU) had its price target hoisted by Deutsche Bank AG from GBX 1,775 ($21.92) to GBX 2,000 ($24.70) in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 13.09% from the stock’s current price.

PRU has been the topic of a number of other reports. HSBC Holdings plc restated a “buy” rating and issued a GBX 1,890 ($23.34) price objective on shares of Prudential plc in a research note on Thursday, February 2nd. Royal Bank of Canada lifted their price objective on shares of Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the company a “sector performer” rating in a research note on Friday. Barclays PLC restated an “overweight” rating and issued a GBX 1,845 ($22.79) price objective (up from GBX 1,748 ($21.59)) on shares of Prudential plc in a research note on Monday, December 12th. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) price objective on shares of Prudential plc and gave the company a “buy” rating in a research note on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Prudential plc to a “neutral” rating and lifted their price objective for the company from GBX 1,450 ($17.91) to GBX 1,705 ($21.06) in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,753.37 ($21.65).

Analyst Recommendations for Prudential plc (LON:PRU)

Prudential plc (LON:PRU) opened at 1768.50 on Tuesday. The stock’s market capitalization is GBX 45.36 billion. The company has a 50-day moving average of GBX 1,631.54 and a 200-day moving average of GBX 1,522.44. Prudential plc has a 52 week low of GBX 1,096.00 and a 52 week high of GBX 1,801.50.

The business also recently announced a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, March 30th will be given a dividend of GBX 30.57 ($0.38) per share. This is a positive change from Prudential plc’s previous dividend of $12.93. This represents a yield of 1.78%. The ex-dividend date is Thursday, March 30th.

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About Prudential plc

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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