Deutsche Bank Increases Prudential (PRU) Price Target to GBX 2,275

Prudential (LON:PRU) had its price target raised by investment analysts at Deutsche Bank from GBX 2,250 ($30.19) to GBX 2,275 ($30.52) in a note issued to investors on Friday. The firm currently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s price objective indicates a potential upside of 20.34% from the stock’s previous close.

PRU has been the topic of several other reports. Goldman Sachs Group set a GBX 2,290 ($30.73) target price on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, February 14th. UBS set a GBX 2,400 ($32.20) target price on shares of Prudential and gave the stock a “buy” rating in a research note on Thursday, March 15th. Citigroup lowered shares of Prudential to a “neutral” rating and cut their target price for the stock from GBX 2,186 ($29.33) to GBX 2,081 ($27.92) in a research note on Tuesday, April 24th. HSBC reissued a “buy” rating on shares of Prudential in a research note on Wednesday, March 21st. Finally, Royal Bank of Canada set a GBX 1,740 ($23.35) target price on shares of Prudential and gave the stock a “neutral” rating in a research note on Tuesday, April 24th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Prudential has a consensus rating of “Buy” and an average target price of GBX 2,139.85 ($28.71).

PRU opened at GBX 1,890.50 ($25.37) on Friday. Prudential has a twelve month low of GBX 1,612.14 ($21.63) and a twelve month high of GBX 1,992.50 ($26.73).

Prudential (LON:PRU) last issued its earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($1.95) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 139 ($1.87) by GBX 6.20 ($0.08). The business had revenue of GBX 4,400.50 billion for the quarter. Prudential had a net margin of 3.50% and a return on equity of 19.94%.

In other Prudential news, insider John W. Foley sold 81,468 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of GBX 1,747 ($23.44), for a total value of £1,423,245.96 ($1,909,628.28). Insiders acquired 30 shares of company stock worth $54,950 over the last ninety days.

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.

Analyst Recommendations for Prudential (LON:PRU)

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