Prudential plc (PRU) Receives Average Rating of “Buy” from Brokerages

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Shares of Prudential plc (LON:PRU) have been assigned a consensus recommendation of “Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,164.15 ($28.28).

Several analysts have issued reports on the company. Credit Suisse Group reissued an “outperform” rating on shares of Prudential in a report on Thursday. Shore Capital reissued an “under review” rating on shares of Prudential in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Prudential in a report on Wednesday. Barclays cut their price target on Prudential from GBX 2,144 ($28.02) to GBX 2,076 ($27.13) and set an “overweight” rating for the company in a report on Wednesday, July 18th. Finally, UBS Group reissued a “buy” rating on shares of Prudential in a report on Wednesday.

Prudential stock traded down GBX 24 ($0.31) during mid-day trading on Thursday, reaching GBX 1,592 ($20.80). 5,664,084 shares of the stock traded hands, compared to its average volume of 4,740,000. Prudential has a 12-month low of GBX 1,612.14 ($21.07) and a 12-month high of GBX 1,992.50 ($26.04).

In other news, insider James Turner sold 1,473 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of GBX 1,748 ($22.84), for a total value of £25,748.04 ($33,644.37). In the last ninety days, insiders bought 35 shares of company stock valued at $57,904.

Prudential Company Profile

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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