Prudential plc (PRU) Given New GBX 2,040 Price Target at Goldman Sachs Group, Inc. (The)

Prudential plc (LON:PRU) had its price objective increased by Goldman Sachs Group, Inc. (The) from GBX 2,000 ($25.83) to GBX 2,040 ($26.35) in a research report sent to investors on Tuesday morning. Goldman Sachs Group, Inc. (The) currently has a buy rating on the financial services provider’s stock.

A number of other analysts also recently commented on PRU. Deutsche Bank AG reiterated a buy rating and set a GBX 2,000 ($25.83) target price on shares of Prudential plc in a research report on Tuesday, May 16th. J P Morgan Chase & Co restated a neutral rating and issued a GBX 1,705 ($22.02) price objective on shares of Prudential plc in a research report on Friday, May 19th. Credit Suisse Group restated an outperform rating and issued a GBX 2,045 ($26.41) price objective on shares of Prudential plc in a research report on Friday, May 19th. Panmure Gordon restated a buy rating and issued a GBX 2,061 ($26.62) price objective on shares of Prudential plc in a research report on Friday, May 19th. Finally, UBS AG set a GBX 2,000 ($25.83) price objective on Prudential plc and gave the company a buy rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Prudential plc presently has an average rating of Buy and an average target price of GBX 1,924.50 ($24.85).

Shares of Prudential plc (LON:PRU) opened at 1794.00 on Tuesday. The firm’s market capitalization is GBX 46.18 billion. Prudential plc has a 52 week low of GBX 1,290.00 and a 52 week high of GBX 1,889.50. The firm has a 50 day moving average price of GBX 1,816.32 and a 200-day moving average price of GBX 1,752.73.

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The firm also recently announced a dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 24th will be given a dividend of GBX 14.50 ($0.19) per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 0.79%.

In other Prudential plc news, insider Lord J. Adair Turner bought 1,000 shares of Prudential plc stock in a transaction that occurred on Wednesday, June 28th. The shares were purchased at an average cost of GBX 1,802 ($23.27) per share, for a total transaction of £18,020 ($23,272.63). Insiders have purchased 1,031 shares of company stock worth $1,857,855 over the last quarter.

Prudential plc 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 plc (LON:PRU)

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