Prudential (LON:PRU) Given a GBX 1,750 Price Target by Royal Bank of Canada Analysts

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Royal Bank of Canada set a GBX 1,750 ($22.87) target price on Prudential (LON:PRU) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Shore Capital reissued a buy rating on shares of Prudential in a research report on Thursday, July 4th. Barclays reissued an overweight rating and set a GBX 2,088 ($27.28) target price on shares of Prudential in a research report on Monday, September 9th. Credit Suisse Group reissued an outperform rating on shares of Prudential in a research report on Thursday. Morgan Stanley reissued an overweight rating and set a GBX 2,100 ($27.44) target price on shares of Prudential in a research report on Monday, September 30th. Finally, Citigroup raised shares of Prudential to a buy rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Prudential has an average rating of Buy and an average target price of GBX 1,882 ($24.59).

PRU opened at GBX 1,327.50 ($17.35) on Friday. The firm has a 50 day moving average price of GBX 1,441.37 and a 200 day moving average price of GBX 1,588.47. The company has a market cap of $39.15 billion and a PE ratio of 10.75. Prudential has a 1 year low of GBX 1,299.50 ($16.98) and a 1 year high of GBX 1,795 ($23.45). The company has a debt-to-equity ratio of 81.74, a quick ratio of 0.04 and a current ratio of 1.04.

The company also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd were given a GBX 16.45 ($0.21) dividend. This represents a yield of 1.15%. The ex-dividend date of this dividend was Thursday, August 22nd. Prudential’s dividend payout ratio (DPR) is 0.40%.

In other news, insider James Turner acquired 25,000 shares of the stock in a transaction on Tuesday, October 8th. The stock was bought at an average price of GBX 1,389 ($18.15) per share, with a total value of £347,250 ($453,743.63). Also, insider Fields Wicker-Miurin acquired 1,000 shares of the stock in a transaction on Friday, October 4th. The stock was purchased at an average cost of GBX 1,381 ($18.05) per share, with a total value of £13,810 ($18,045.21). Insiders acquired 26,025 shares of company stock valued at $36,142,741 in the last ninety days.

Prudential Company Profile

Prudential plc, through 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; 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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