Prudential plc (LON:PRU)’s share price shot up 0% on Tuesday . The company traded as high as GBX 1,886 ($24.81) and last traded at GBX 1,915 ($25.19). 4,516,820 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 4,250,000 shares. The stock had previously closed at GBX 1,915 ($25.19).
A number of brokerages have weighed in on PRU. Goldman Sachs Group, Inc. (The) set a GBX 2,040 ($26.83) target price on shares of Prudential plc and gave the stock a “buy” rating in a research note on Tuesday. UBS AG set a GBX 2,200 ($28.94) target price on shares of Prudential plc and gave the stock a “buy” rating in a research note on Friday. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 2,109 ($27.74) target price on shares of Prudential plc in a research note on Friday. Societe Generale reissued a “hold” rating and set a GBX 1,790 ($23.54) price target on shares of Prudential plc in a research note on Friday. Finally, Jefferies Group LLC reissued a “hold” rating and set a GBX 2,000 ($26.31) price target on shares of Prudential plc in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 1,995.17 ($26.24).
In related news, insider Anthony Nightingale purchased 20,000 shares of Prudential plc stock in a transaction dated Friday, September 29th. The stock was bought at an average price of GBX 1,788 ($23.52) per share, for a total transaction of £357,600 ($470,340.66). Insiders bought 20,031 shares of company stock valued at $35,815,785 in 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.
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