UBS Group set a GBX 2,400 ($33.16) price objective on Prudential (LON:PRU) in a research report sent to investors on Thursday. The firm currently has a buy rating on the financial services provider’s stock.
PRU has been the topic of several other reports. Barclays reiterated an overweight rating on shares of Prudential in a research report on Wednesday, January 24th. Societe Generale restated a hold rating and issued a GBX 1,790 ($24.73) price target on shares of Prudential in a research report on Friday, November 17th. Goldman Sachs Group set a GBX 2,290 ($31.64) price target on shares of Prudential and gave the company a buy rating in a research report on Wednesday, February 14th. Bank of America set a GBX 2,300 ($31.78) price target on shares of Prudential and gave the company a buy rating in a research report on Wednesday, December 13th. Finally, Citigroup set a GBX 2,186 ($30.20) price target on shares of Prudential and gave the company a buy rating in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Prudential presently has a consensus rating of Buy and an average price target of GBX 2,082.55 ($28.77).
Shares of Prudential (LON:PRU) traded up GBX 96 ($1.33) during trading on Thursday, hitting GBX 1,921.50 ($26.55). 3,083,980 shares of the stock traded hands, compared to its average volume of 4,630,000. Prudential has a 1-year low of GBX 1,612.14 ($22.27) and a 1-year high of GBX 1,992.50 ($27.53). The firm has a market cap of $50,280.00 and a price-to-earnings ratio of 2,066.13.
Prudential (LON:PRU) last issued its earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share for the quarter, beating the consensus estimate of GBX 139 ($1.92) by GBX 6.20 ($0.09). Prudential had a net margin of 3.50% and a return on equity of 19.94%. The business had revenue of GBX 4,400.50 billion for the quarter.
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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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