Prudential Public (PUK) Raised to “Buy” at Zacks Investment Research

Prudential Public (NYSE:PUK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday, January 4th. The brokerage currently has a $57.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 5.63% from the stock’s current price.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

Separately, ValuEngine downgraded Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Prudential Public currently has an average rating of “Buy” and a consensus price target of $60.00.

Shares of Prudential Public (PUK) opened at $53.96 on Thursday. Prudential Public has a 1-year low of $38.56 and a 1-year high of $55.36.

Large investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Prudential Public by 21.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 410 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Prudential Public by 11.8% during the second quarter. Quadrant Capital Group LLC now owns 3,282 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 347 shares in the last quarter. Rathbone Brothers plc bought a new position in shares of Prudential Public during the fourth quarter valued at $207,000. Boston Private Wealth LLC bought a new position in shares of Prudential Public during the third quarter valued at $201,000. Finally, Stevens Capital Management LP bought a new position in shares of Prudential Public during the third quarter valued at $204,000. 1.63% of the stock is currently owned by hedge funds and other institutional investors.

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About Prudential Public

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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