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 presently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s price objective would suggest a potential upside of 51.98% from the stock’s current price.

Several other research firms have also weighed in on PRU. Jefferies Financial Group restated a “buy” rating and set a GBX 1,500 price objective on shares of Prudential in a research note on Friday, August 28th. Citigroup reduced their price target on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Prudential has a consensus rating of “Buy” and a consensus target price of GBX 1,453.

Prudential Trading Up 0.1%

Shares of PRU opened at GBX 950.80 on Thursday. The company’s fifty day simple moving average is GBX 1,030.14 and its 200 day simple moving average is GBX 1,056.72. Prudential has a 1-year low of GBX 910.20 and a 1-year high of GBX 1,238. The company has a market cap of £23.39 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.40 and a beta of 0.89.

Insider Buying and Selling

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

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.