Prudential (PRU) Reaches New 52-Week High at $1,992.50

Prudential plc (LON:PRU) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 1,992.50 ($27.02) and last traded at GBX 1,981 ($26.86), with a volume of 3314134 shares trading hands. The stock had previously closed at GBX 1,979.50 ($26.84).

PRU has been the topic of a number of research analyst reports. Deutsche Bank reissued a “buy” rating and issued a GBX 2,000 ($27.12) price target on shares of Prudential in a research note on Thursday, October 5th. Citigroup reissued a “buy” rating and issued a GBX 2,109 ($28.60) price target on shares of Prudential in a research note on Thursday, November 2nd. Shore Capital restated a “buy” rating on shares of Prudential in a report on Thursday, November 16th. Goldman Sachs Group set a GBX 2,040 ($27.66) price objective on Prudential and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, UBS Group set a GBX 2,200 ($29.83) price objective on Prudential and gave the company a “buy” rating in a report on Friday, November 17th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 2,033.21 ($27.57).

The stock has a market cap of $51,250.00 and a price-to-earnings ratio of 1,851.40.

In related news, insider Anne Richards acquired 21,408 shares of Prudential stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). Also, insider David J. A. Law acquired 2,162 shares of Prudential stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of GBX 1,837 ($24.91) per share, for a total transaction of £39,715.94 ($53,859.43). In the last quarter, insiders have bought 23,600 shares of company stock worth $43,268,288.

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About Prudential

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.

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