Prudential’s (PRU) Buy Rating Reiterated at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 1,445 price objective on the financial services provider’s stock. Berenberg Bank’s price objective points to a potential upside of 53.24% from the company’s previous close.

PRU has been the topic of a number of other research reports. Citigroup lowered their price objective on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating on the stock in a research note on Friday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,500 target price on shares of Prudential in a research note on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Prudential has a consensus rating of “Buy” and a consensus target price of GBX 1,453.

Prudential Price Performance

PRU stock opened at GBX 942.96 on Thursday. Prudential has a 1 year low of GBX 910.20 and a 1 year high of GBX 1,238. The firm has a market capitalization of £23.20 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89. The business has a 50 day simple moving average of GBX 1,028.12 and a 200-day simple moving average of GBX 1,055.92.

Insider Buying and Selling

In other Prudential news, insider Anil Wadhwani purchased 42 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were acquired at an average price of GBX 990 per share, with a total value 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.