Prudential (LON:PRU) Given a GBX 2,040 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a GBX 2,040 ($27.46) target price on Prudential (LON:PRU) in a report published on Wednesday, November 15th. The brokerage currently has a buy rating on the financial services provider’s stock.

PRU has been the topic of a number of other reports. Barclays raised their price target on Prudential from GBX 1,949 ($26.23) to GBX 2,015 ($27.12) and gave the stock an overweight rating in a research note on Monday, September 11th. Morgan Stanley raised their price target on Prudential from GBX 2,092 ($28.16) to GBX 2,166 ($29.15) and gave the stock an overweight rating in a research note on Thursday, October 19th. Credit Suisse Group set a GBX 2,075 ($27.93) price target on Prudential and gave the stock a buy rating in a research note on Friday, August 18th. Deutsche Bank reissued a buy rating and issued a GBX 2,000 ($26.92) price target on shares of Prudential in a research note on Thursday, August 17th. Finally, J P Morgan Chase & Co lifted their price objective on Prudential from GBX 1,705 ($22.95) to GBX 1,800 ($24.23) and gave the company a neutral rating in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Prudential currently has a consensus rating of Buy and a consensus target price of GBX 2,003.72 ($26.97).

Shares of Prudential (LON PRU) traded up GBX 15.50 ($0.21) during trading hours on Wednesday, reaching GBX 1,830.50 ($24.64). The company’s stock had a trading volume of 4,018,943 shares, compared to its average volume of 4,610,000. 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 other Prudential news, insider Anne Richards acquired 21,408 shares of the company’s stock in a transaction on Monday, December 4th. The shares were bought at an average cost of GBX 1,833 ($24.67) per share, for a total transaction of £392,408.64 ($528,140.83). Also, insider Anthony Nightingale acquired 20,000 shares of the company’s stock in a transaction on Friday, September 29th. The shares were acquired at an average price of GBX 1,788 ($24.06) per share, for a total transaction of £357,600 ($481,292.06). Over the last quarter, insiders have purchased 43,601 shares of company stock worth $79,028,243.

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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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