Prudential (LON:PRU) Earns “Buy” Rating from Berenberg Bank

by · The Markets Daily

Prudential (LON:PRU – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report issued on Thursday, London Stock Exchange reports. They presently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s price objective points to a potential upside of 53.27% from the company’s current price.

PRU has been the subject of several other research reports. Citigroup dropped their target price on shares of Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research report on Friday, September 4th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,500 price target on shares of Prudential in a research note on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,453.

Check Out Our Latest Stock Report on PRU

Prudential Price Performance

PRU opened at GBX 942.80 on Thursday. Prudential has a 12-month low of GBX 910.20 and a 12-month high of GBX 1,238. The stock has a market capitalization of £23.20 billion, a PE ratio of 6.63, a P/E/G ratio of 0.40 and a beta of 0.89. The firm’s fifty day moving average price is GBX 1,032.17 and its 200 day moving average price is GBX 1,057.48.

Insider Activity

In related news, insider Anil Wadhwani acquired 42 shares of Prudential stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of GBX 990 per share, for a total transaction of £415.80. Company insiders own 0.52% of the company’s stock.

Prudential Company Profile

(Get Free Report)

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.

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