Berenberg Bank Reaffirms Buy Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat reports. They presently have a GBX 1,445 target price on the financial services provider’s stock. Berenberg Bank’s price objective would indicate a potential upside of 51.92% from the stock’s current price.

A number of other research firms also recently commented on PRU. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,500 price objective on shares of Prudential in a research note 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 on the stock in a research report on Friday, September 4th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 1,453.

Prudential Trading Up 0.0%

Prudential stock opened at GBX 951.15 on Thursday. The stock has a fifty day moving average price of GBX 1,030.14 and a 200 day moving average price of GBX 1,056.72. Prudential has a 52 week low of GBX 910.20 and a 52 week high of GBX 1,238. The firm has a market capitalization of £23.40 billion, a P/E ratio of 6.69, a PEG ratio of 0.40 and a beta of 0.89.

Insider Buying and Selling at Prudential

In other news, insider Anil Wadhwani bought 42 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of GBX 990 per share, for a total transaction of £415.80. 0.52% of the stock is owned by corporate 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.