Prudential (LON:PRU) had its price objective lifted by Sanford C. Bernstein from GBX 1,950 ($26.94) to GBX 2,250 ($31.09) in a research report sent to investors on Thursday morning. Sanford C. Bernstein currently has an outperform rating on the financial services provider’s stock.
PRU has been the topic of a number of other reports. Barclays reaffirmed an overweight rating on shares of Prudential in a research report on Wednesday, January 24th. Goldman Sachs set a GBX 2,290 ($31.64) price objective on Prudential and gave the company a buy rating in a research report on Wednesday, February 14th. UBS set a GBX 2,400 ($33.16) price objective on Prudential and gave the company a buy rating in a research report on Thursday, March 15th. HSBC reaffirmed a buy rating on shares of Prudential in a research report on Wednesday. Finally, Bank of America set a GBX 2,300 ($31.78) price objective on Prudential and gave the company a buy rating in a research report on Wednesday, December 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 2,122.16 ($29.32).
Shares of Prudential stock traded down GBX 23 ($0.32) during trading hours on Thursday, reaching GBX 1,829.50 ($25.28). The company’s stock had a trading volume of 2,791,358 shares, compared to its average volume of 4,740,000. Prudential has a fifty-two week low of GBX 1,612.14 ($22.27) and a fifty-two week high of GBX 1,992.50 ($27.53). The stock has a market capitalization of $49,510.00 and a PE ratio of 1,967.20.
Prudential (LON:PRU) last posted its quarterly earnings data on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 139 ($1.92) by GBX 6.20 ($0.09). Prudential had a return on equity of 19.94% and a net margin of 3.50%. The firm had revenue of GBX 4,400.50 billion for the quarter.
The company also recently disclosed a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, March 29th will be paid a GBX 32.50 ($0.45) dividend. This is an increase from Prudential’s previous dividend of $14.50. The ex-dividend date is Thursday, March 29th. This represents a yield of 1.7%.
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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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