Prudential’s (PRU) Under Review Rating Reiterated at Shore Capital

Shore Capital reissued their under review rating on shares of Prudential (LON:PRU) in a report released on Monday morning.

A number of other analysts have also commented on PRU. Barclays reaffirmed an overweight rating on shares of Prudential in a research note on Friday, June 22nd. Royal Bank of Canada set a GBX 1,740 ($22.67) price objective on shares of Prudential and gave the company a neutral rating in a research note on Friday, June 22nd. Morgan Stanley reduced their price objective on shares of Prudential from GBX 2,481 ($32.32) to GBX 2,469 ($32.16) and set an overweight rating for the company in a research note on Monday. JPMorgan Chase & Co. set a GBX 1,899 ($24.74) price objective on shares of Prudential and gave the company a neutral rating in a research note on Wednesday, August 8th. Finally, Credit Suisse Group reduced their price objective on shares of Prudential from GBX 2,235 ($29.11) to GBX 2,120 ($27.61) and set an outperform rating for the company in a research note on Wednesday, July 18th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of GBX 2,168.94 ($28.25).

PRU stock opened at GBX 1,676.50 ($21.84) on Monday. Prudential has a one year low of GBX 1,612.14 ($21.00) and a one year high of GBX 1,992.50 ($25.95).

The business also recently declared a dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 23rd will be given a GBX 15.67 ($0.20) dividend. This represents a dividend yield of 0.86%. The ex-dividend date is Thursday, August 23rd.

In related news, insider James Turner sold 1,473 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of GBX 1,748 ($22.77), for a total value of £25,748.04 ($33,539.19). Insiders purchased 32 shares of company stock worth $56,193 in the last 90 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.

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Analyst Recommendations for Prudential (LON:PRU)

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