Prudential (LON:PRU) Given Buy Rating at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,445 price objective on the financial services provider’s stock. Berenberg Bank’s target price would indicate a potential upside of 53.24% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a report on Friday, August 28th. Citigroup decreased their target price on shares of Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research report on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Prudential has an average rating of “Buy” and an average target price of GBX 1,453.

Prudential Stock Performance

LON PRU traded down GBX 6.64 during trading hours on Thursday, reaching GBX 942.96. The stock had a trading volume of 6,328,614 shares, compared to its average volume of 13,150,184. Prudential has a 52-week low of GBX 910.20 and a 52-week high of GBX 1,238. The stock has a fifty day moving average of GBX 1,030.14 and a 200 day moving average of GBX 1,056.72. The stock has a market cap of £23.20 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89.

Insider Activity

In other news, insider Anil Wadhwani bought 42 shares of the stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of GBX 990 per share, with a total value of £415.80. 0.52% of the stock is currently owned by insiders.

About Prudential

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.