Prudential Public (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “
Separately, ValuEngine cut Prudential Public from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rathbone Brothers plc bought a new position in Prudential Public in the fourth quarter valued at $207,000. Boston Private Wealth LLC bought a new position in Prudential Public in the third quarter valued at $201,000. Stevens Capital Management LP bought a new position in Prudential Public in the third quarter valued at $204,000. Lake Street Advisors Group LLC bought a new position in Prudential Public in the fourth quarter valued at $243,000. Finally, River Road Asset Management LLC bought a new position in Prudential Public in the fourth quarter valued at $299,000. 1.57% of the stock is currently owned by institutional investors and hedge funds.
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About Prudential Public
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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