Prudential (LON:PRU) Insider Acquires £118,320 in Stock

Prudential plc (LON:PRU) insider Douglas Flint acquired 12,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of GBX 986 per share, for a total transaction of £118,320.

Douglas Flint also recently made the following trade(s):

• On Thursday, June 11th, Douglas Flint bought 12,500 shares of Prudential stock. The shares were acquired at an average price of GBX 959 per share, with a total value of £119,875.

Prudential Price Performance

Shares of LON:PRU traded down GBX 10 during trading on Friday, hitting GBX 1,001.50. 99,768,859 shares of the company’s stock were exchanged, compared to its average volume of 16,423,439. The business’s 50-day simple moving average is GBX 1,077.72 and its 200 day simple moving average is GBX 1,109.83. The company has a market cap of £25.09 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.40 and a beta of 0.91. Prudential plc has a 52-week low of GBX 895.80 and a 52-week high of GBX 1,238.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PRU. JPMorgan Chase & Co. lifted their price objective on shares of Prudential from GBX 1,450 to GBX 1,480 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Prudential from GBX 1,355 to GBX 1,440 and gave the company a “buy” rating in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,379.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.