Prudential plc (PRU) Price Target Raised to GBX 2,166

Prudential plc (LON:PRU) had its price objective lifted by stock analysts at Morgan Stanley from GBX 2,092 ($27.80) to GBX 2,166 ($28.78) in a note issued to investors on Thursday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 17.69% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 2,000 ($26.57) price target on shares of Prudential plc in a report on Thursday, October 5th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 2,015 ($26.77) price target on shares of Prudential plc in a report on Monday, September 25th. Societe Generale upped their price target on Prudential plc from GBX 1,725 ($22.92) to GBX 1,790 ($23.78) and gave the company a “hold” rating in a report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) upped their price target on Prudential plc from GBX 2,000 ($26.57) to GBX 2,040 ($27.11) and gave the company a “buy” rating in a report on Tuesday, September 12th. Finally, Berenberg Bank upped their price target on Prudential plc from GBX 2,200 ($29.23) to GBX 2,400 ($31.89) and gave the company a “buy” rating in a report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Prudential plc currently has a consensus rating of “Buy” and a consensus price target of GBX 1,958.61 ($26.02).

Shares of Prudential plc (LON PRU) opened at 1837.50 on Thursday. The stock’s 50 day moving average price is GBX 1,788.36 and its 200 day moving average price is GBX 1,770.81. Prudential plc has a 12 month low of GBX 1,290.00 and a 12 month high of GBX 1,889.50. The stock’s market capitalization is GBX 47.30 billion.

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In related news, insider Anthony Nightingale purchased 20,000 shares of Prudential plc stock in a transaction on Friday, September 29th. The stock was acquired at an average price of GBX 1,788 ($23.76) per share, for a total transaction of £357,600 ($475,152.80). In the last 90 days, insiders acquired 20,031 shares of company stock valued at $35,816,115.

About Prudential plc

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

Analyst Recommendations for Prudential plc (LON:PRU)

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