Deutsche Bank reaffirmed their buy rating on shares of Prudential (LON:PRU) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.
PRU has been the topic of several other reports. Shore Capital reaffirmed a buy rating on shares of Prudential in a report on Thursday, July 4th. Royal Bank of Canada reaffirmed a sector performer rating on shares of Prudential in a report on Thursday. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 1,845 ($24.11) target price on shares of Prudential in a report on Friday, June 21st. Barclays reaffirmed an overweight rating on shares of Prudential in a report on Monday, June 10th. Finally, Morgan Stanley reaffirmed an overweight rating and issued a GBX 2,350 ($30.71) target price on shares of Prudential in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Prudential presently has an average rating of Buy and an average target price of GBX 2,053.91 ($26.84).
Shares of PRU stock opened at GBX 1,415.50 ($18.50) on Friday. Prudential has a 12-month low of GBX 1,325 ($17.31) and a 12-month high of GBX 1,819.50 ($23.77). The company has a quick ratio of 0.04, a current ratio of 1.04 and a debt-to-equity ratio of 81.74. The stock has a 50-day moving average price of GBX 1,662.63. The company has a market capitalization of $36.80 billion and a PE ratio of 11.46.
In related news, insider Fields Wicker-Miurin acquired 1,500 shares of Prudential stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of GBX 1,655 ($21.63) per share, with a total value of £24,825 ($32,438.26). Insiders have acquired 1,524 shares of company stock worth $2,521,743 over the last three months.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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