Prudential’s (PRU) “Overweight” Rating Reiterated at Barclays

Barclays reaffirmed their overweight rating on shares of Prudential (LON:PRU) in a report issued on Monday. Barclays currently has a GBX 2,161 ($29.08) price objective on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Group reiterated a hold rating and set a GBX 2,000 ($26.92) price target on shares of Prudential in a report on Friday, November 17th. Bank of America set a GBX 2,300 ($30.96) price objective on shares of Prudential and gave the stock a buy rating in a research report on Wednesday, December 13th. Deutsche Bank restated a buy rating and set a GBX 2,000 ($26.92) price objective on shares of Prudential in a research report on Thursday, October 5th. Societe Generale restated a hold rating and set a GBX 1,790 ($24.09) price objective on shares of Prudential in a research report on Friday, November 17th. Finally, Goldman Sachs Group set a GBX 2,080 ($27.99) price objective on shares of Prudential and gave the stock a buy rating in a research report on Monday, December 11th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 2,021 ($27.20).

Prudential (PRU) opened at GBX 1,857.50 ($25.00) on Monday. Prudential has a 1-year low of GBX 1,524 ($20.51) and a 1-year high of GBX 1,933.50 ($26.02).

In related news, insider Anne Richards bought 21,408 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were purchased at an average price of GBX 1,833 ($24.67) per share, with a total value of £392,408.64 ($528,140.83). Also, insider David J. A. Law bought 2,162 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of GBX 1,837 ($24.72) per share, for a total transaction of £39,715.94 ($53,453.49). In the last ninety days, insiders have acquired 43,600 shares of company stock worth $79,027,308.

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Prudential 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 (LON:PRU)

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