Insider Buying: Prudential (LON:PRU) Insider Purchases £101,420 in Stock

Prudential plc (LON:PRU – Get Free Report) insider Douglas Flint acquired 11,000 shares of the stock in a transaction on Friday, November 6th. The shares were bought at an average price of GBX 922 per share, with a total value of £101,420.

Prudential Trading Down 3.0%

Prudential stock opened at GBX 922.60 on Monday. The business’s fifty day simple moving average is GBX 942.05 and its two-hundred day simple moving average is GBX 1,049.37. The company has a market capitalization of £22.57 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91. Prudential plc has a 12 month low of GBX 867.40 and a 12 month high of GBX 1,238.

Wall Street Analyst Weigh In

Several equities research analysts have 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 for the company in a report on Friday, September 4th. Berenberg Bank restated a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a research note on Thursday, October 29th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,464.

View Our Latest Research Report on Prudential

Prudential Company Profile

(Get Free Report)

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.

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