Prudential (LON:PRU) was downgraded by research analysts at Citigroup to a “neutral” rating in a report issued on Tuesday. They presently have a GBX 2,081 ($29.02) price target on the financial services provider’s stock, down from their previous price target of GBX 2,186 ($30.49). Citigroup’s price target would indicate a potential upside of 12.10% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. Royal Bank of Canada set a GBX 1,740 ($24.27) target price on shares of Prudential and gave the stock a “neutral” rating in a research report on Tuesday. Barclays set a GBX 2,144 ($29.90) target price on shares of Prudential and gave the stock a “buy” rating in a research report on Wednesday, March 28th. BNP Paribas reissued an “outperform” rating on shares of Prudential in a research report on Wednesday, March 28th. Deutsche Bank boosted their target price on shares of Prudential from GBX 2,050 ($28.59) to GBX 2,250 ($31.38) and gave the stock a “buy” rating in a research report on Friday, March 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 2,235 ($31.17) target price on shares of Prudential in a research report on Friday, March 23rd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,119.89 ($29.57).
Shares of LON:PRU opened at GBX 1,856.45 ($25.89) on Tuesday. Prudential has a 1 year low of GBX 1,612.14 ($22.48) and a 1 year high of GBX 1,992.50 ($27.79).
Prudential (LON:PRU) last issued its quarterly earnings data on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 139 ($1.94) by GBX 6.20 ($0.09). The firm had revenue of GBX 4,400.50 billion during the quarter. Prudential had a net margin of 3.50% and a return on equity of 19.94%.
In other news, insider John W. Foley sold 81,468 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($24.37), for a total transaction of £1,423,245.96 ($1,985,001.34). Insiders have bought 30 shares of company stock valued at $54,140 in the last ninety days.
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Prudential Company Profile
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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