Prudential (LON:PRU) Given a GBX 1,750 Price Target by Royal Bank of Canada Analysts

Prudential (LON:PRU) received a GBX 1,750 ($22.87) price objective from Royal Bank of Canada in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 16.20% from the company’s current price.

Other analysts have also recently issued reports about the company. UBS Group reiterated a “buy” rating on shares of Prudential in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and issued a GBX 2,100 ($27.44) target price on shares of Prudential in a report on Monday, September 30th. Barclays reissued an “overweight” rating and issued a GBX 2,088 ($27.28) target price on shares of Prudential in a report on Monday, September 9th. Jefferies Financial Group dropped their target price on Prudential from GBX 1,949 ($25.47) to GBX 1,616 ($21.12) and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Finally, Citigroup raised Prudential to a “buy” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Prudential currently has a consensus rating of “Buy” and an average price target of GBX 1,882 ($24.59).

Shares of LON PRU opened at GBX 1,506 ($19.68) on Friday. The stock has a market cap of $39.15 billion and a P/E ratio of 12.19. The company has a current ratio of 1.04, a quick ratio of 0.04 and a debt-to-equity ratio of 81.74. Prudential has a 12-month low of GBX 1,299.50 ($16.98) and a 12-month high of GBX 1,795 ($23.45). The business’s fifty day simple moving average is GBX 1,441.37 and its 200-day simple moving average is GBX 1,588.47.

In other news, insider Fields Wicker-Miurin acquired 1,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were bought at an average price of GBX 1,381 ($18.05) per share, with a total value of £13,810 ($18,045.21). Also, insider James Turner acquired 25,000 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were purchased at an average cost of GBX 1,389 ($18.15) per share, for a total transaction of £347,250 ($453,743.63). Insiders purchased 26,025 shares of company stock worth $36,142,741 in 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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Analyst Recommendations for Prudential (LON:PRU)

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