Prudential (PRU) PT Set at GBX 2,400 by UBS

Prudential (LON:PRU) received a GBX 2,400 ($33.69) target price from UBS in a research report issued to clients and investors on Thursday, March 15th, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS’s price objective would suggest a potential upside of 34.91% from the company’s current price.

A number of other equities research analysts also recently issued reports on PRU. Citigroup set a GBX 2,186 ($30.69) price target on shares of Prudential and gave the company a “buy” rating in a research note on Friday, January 12th. JPMorgan Chase boosted their price target on shares of Prudential from GBX 1,800 ($25.27) to GBX 1,899 ($26.66) and gave the company a “neutral” rating in a research note on Wednesday, March 14th. Bank of America set a GBX 2,300 ($32.29) target price on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Jefferies Group reaffirmed a “hold” rating and set a GBX 2,000 ($28.07) target price on shares of Prudential in a research note on Friday, November 17th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 1,790 ($25.13) target price on shares of Prudential in a research note on Friday, November 17th. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 2,119.11 ($29.75).

How to Become a New Pot Stock Millionaire

Shares of LON PRU traded down GBX 15 ($0.21) during trading on Thursday, hitting GBX 1,779 ($24.97). The company had a trading volume of 2,586,544 shares, compared to its average volume of 4,740,000. Prudential has a fifty-two week low of GBX 1,612.14 ($22.63) and a fifty-two week high of GBX 1,992.50 ($27.97).

Prudential (LON:PRU) last posted its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.04) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 139 ($1.95) by GBX 6.20 ($0.09). Prudential had a net margin of 3.50% and a return on equity of 19.94%. The firm had revenue of GBX 4,400.50 billion for the quarter.

In related news, insider John W. Foley sold 81,468 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($24.52), for a total value of £1,423,245.96 ($1,997,818.59). Insiders purchased 30 shares of company stock worth $55,520 over the last three months.

TRADEMARK VIOLATION NOTICE: “Prudential (PRU) PT Set at GBX 2,400 by UBS” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/prudential-pru-given-a-gbx-2400-price-target-at-ubs-group.html.

About Prudential

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)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply