Prudential plc (PRU) Receives “Hold” Rating from Jefferies Group LLC

Jefferies Group LLC reissued their hold rating on shares of Prudential plc (LON:PRU) in a report issued on Friday morning. They currently have a GBX 2,000 ($26.31) target price on the financial services provider’s stock.

PRU has been the topic of several other reports. Barclays PLC set a GBX 2,015 ($26.50) price target on Prudential plc and gave the company a buy rating in a research note on Friday, September 8th. Morgan Stanley boosted their price target on Prudential plc from GBX 2,092 ($27.52) to GBX 2,166 ($28.49) and gave the company an overweight rating in a research note on Thursday, October 19th. Deutsche Bank AG reissued a buy rating on shares of Prudential plc in a research note on Monday, September 4th. J P Morgan Chase & Co boosted their price target on Prudential plc from GBX 1,705 ($22.43) to GBX 1,800 ($23.67) and gave the company a neutral rating in a research note on Tuesday, August 1st. Finally, Berenberg Bank upped their target price on Prudential plc from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the stock a buy rating in a research report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Prudential plc presently has an average rating of Buy and an average price target of GBX 1,995.17 ($26.24).

Shares of Prudential plc (LON PRU) traded up GBX 9.50 ($0.12) on Friday, reaching GBX 1,889.50 ($24.85). The company’s stock had a trading volume of 4,639,361 shares, compared to its average volume of 4,200,000. Prudential plc has a 12-month low of GBX 1,496 ($19.68) and a 12-month high of GBX 1,898 ($24.96).

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In related news, insider Anthony Nightingale purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was acquired at an average price of GBX 1,788 ($23.52) per share, for a total transaction of £357,600 ($470,340.66). Insiders have purchased 20,031 shares of company stock valued at $35,815,785 in the last quarter.

Prudential plc Company Profile

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 plc (LON:PRU)

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