Shore Capital Reaffirms Buy Rating for Prudential plc (PRU)

Shore Capital reiterated their buy rating on shares of Prudential plc (LON:PRU) in a research note released on Thursday morning.

PRU has been the subject of a number of other reports. Barclays PLC set a GBX 2,015 ($26.50) price target on shares of Prudential plc and gave the company a buy rating in a report on Friday, September 8th. Morgan Stanley upped their price target on shares of Prudential plc from GBX 2,092 ($27.52) to GBX 2,166 ($28.49) and gave the company an overweight rating in a report on Thursday, October 19th. Deutsche Bank AG restated a buy rating on shares of Prudential plc in a report on Monday, September 4th. J P Morgan Chase & Co upped their price target on shares of Prudential plc from GBX 1,705 ($22.43) to GBX 1,800 ($23.67) and gave the company a neutral rating in a report on Tuesday, August 1st. Finally, Berenberg Bank increased their target price on shares of Prudential plc from GBX 2,200 ($28.94) to GBX 2,400 ($31.57) and gave the company a buy rating in a research note 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. The company has an average rating of Buy and an average target price of GBX 1,995.17 ($26.24).

Shares of Prudential plc (LON PRU) opened at GBX 1,889.50 ($24.85) on Thursday. Prudential plc has a fifty-two week low of GBX 1,496 ($19.68) and a fifty-two week high of GBX 1,898 ($24.96).

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In other news, insider Anthony Nightingale acquired 20,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 1,788 ($23.52) per share, with a total value of £357,600 ($470,340.66). In the last ninety days, insiders have bought 20,031 shares of company stock valued at $35,815,785.

About Prudential plc

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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