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

Prudential (LON:PRU)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s target price indicates a potential upside of 53.24% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Citigroup lowered their target price on 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. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,500 target price on shares of Prudential in a research report on Friday, August 28th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 1,453.

Prudential Stock Performance

Shares of LON:PRU opened at GBX 942.96 on Thursday. Prudential has a 52-week low of GBX 910.20 and a 52-week high of GBX 1,238. The business’s 50 day simple moving average is GBX 1,028.12 and its two-hundred day simple moving average is GBX 1,055.92. The firm has a market cap of £23.20 billion, a P/E ratio of 6.63, a PEG ratio of 0.40 and a beta of 0.89.

Insiders Place Their Bets

In other news, insider Anil Wadhwani bought 42 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of GBX 990 per share, with a total value of £415.80. Company insiders own 0.52% of the company’s stock.

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.