Prudential (LON:PRU) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Prudential (LON:PRU) in a research report sent to investors on Monday, ThisIsMoney.Co.Uk reports. They currently have a GBX 1,480 ($19.47) price target on the financial services provider’s stock, down from their previous price target of GBX 1,600 ($21.05).

Several other equities research analysts also recently weighed in on PRU. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 1,425 ($18.75) price target on shares of Prudential in a research note on Monday, March 9th. Barclays reissued a buy rating and set a GBX 1,749 ($23.01) price objective on shares of Prudential in a research report on Tuesday, February 11th. UBS Group restated a buy rating and issued a GBX 1,620 ($21.31) target price on shares of Prudential in a research note on Monday, March 9th. Morgan Stanley raised their target price on Prudential from GBX 1,680 ($22.10) to GBX 1,700 ($22.36) and gave the company a buy rating in a research note on Thursday, March 12th. Finally, Citigroup reaffirmed a buy rating on shares of Prudential in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of GBX 1,622 ($21.34).

Shares of LON PRU opened at GBX 1,000.53 ($13.16) on Monday. The firm has a market cap of $23.91 billion and a PE ratio of 33.13. Prudential has a 12-month low of GBX 12.37 ($0.16) and a 12-month high of GBX 1,795 ($23.61). The company’s fifty day simple moving average is GBX 1,226.86 and its 200 day simple moving average is GBX 1,362.85. The company has a quick ratio of 0.36, a current ratio of 0.92 and a debt-to-equity ratio of 87.14.

The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.26 per share. This represents a dividend yield of 1.91%. The ex-dividend date is Thursday, March 26th. Prudential’s dividend payout ratio is currently 1.19%.

About Prudential

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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