Bank of America Analysts Give Prudential (PRU) a GBX 2,300 Price Target

Prudential (LON:PRU) received a GBX 2,300 ($30.96) target price from equities research analysts at Bank of America in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America’s price objective suggests a potential upside of 25.75% from the company’s previous close.

Several other research analysts also recently issued reports on PRU. Deutsche Bank restated a “buy” rating and set a GBX 2,000 ($26.92) price objective on shares of Prudential in a research report on Thursday, August 17th. Credit Suisse Group set a GBX 2,075 ($27.93) price objective on Prudential and gave the stock a “buy” rating in a research report on Friday, August 18th. Berenberg Bank lifted their price objective on Prudential from GBX 2,200 ($29.61) to GBX 2,400 ($32.30) and gave the stock a “buy” rating in a research report on Thursday, August 31st. Barclays set a GBX 2,015 ($27.12) price objective on Prudential and gave the stock a “buy” rating in a research report on Friday, September 8th. Finally, Goldman Sachs Group lifted their price objective on Prudential from GBX 2,000 ($26.92) to GBX 2,040 ($27.46) and gave the stock a “buy” rating in a research report on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,021 ($27.20).

Prudential (PRU) opened at GBX 1,829 ($24.62) on Wednesday. Prudential has a 12-month low of GBX 1,524 ($20.51) and a 12-month high of GBX 1,933.50 ($26.02).

In related news, insider Anne Richards acquired 21,408 shares of the stock in a transaction dated Monday, December 4th. The stock was bought at an average cost of GBX 1,833 ($24.67) per share, with a total value of £392,408.64 ($528,140.83). Also, insider David J. A. Law acquired 2,162 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of GBX 1,837 ($24.72) per share, with a total value of £39,715.94 ($53,453.49). Insiders have bought a total of 43,600 shares of company stock valued at $79,027,308 over the last three months.

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Prudential Company Profile

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 (LON:PRU)

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