Goldman Sachs Group set a GBX 2,080 ($27.99) price target on Prudential (LON:PRU) in a report issued on Monday morning. The firm currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on PRU. Morgan Stanley increased their price target on shares of Prudential from GBX 2,084 ($28.05) to GBX 2,092 ($28.16) and gave the company an overweight rating in a report on Monday, August 14th. Deutsche Bank reissued a buy rating and issued a GBX 2,000 ($26.92) price objective on shares of Prudential in a research note on Thursday, August 17th. Credit Suisse Group set a GBX 2,075 ($27.93) price objective on shares of Prudential and gave the company a buy rating in a research note on Friday, August 18th. Berenberg Bank increased their price objective on shares of Prudential from GBX 2,200 ($29.61) to GBX 2,400 ($32.30) and gave the company a buy rating in a research note on Thursday, August 31st. Finally, Barclays set a GBX 2,015 ($27.12) price objective on shares of Prudential and gave the company a buy rating in a research note on Friday, September 8th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 2,021 ($27.20).
Prudential (LON PRU) opened at GBX 1,847.50 ($24.87) on Monday. Prudential has a 1-year low of GBX 1,524 ($20.51) and a 1-year high of GBX 1,933.50 ($26.02).
In related news, insider David J. A. Law bought 2,162 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 1,837 ($24.72) per share, with a total value of £39,715.94 ($53,453.49). Also, insider Anne Richards bought 21,408 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average cost of GBX 1,833 ($24.67) per share, for a total transaction of £392,408.64 ($528,140.83). Insiders purchased 43,600 shares of company stock worth $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.
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