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

Berenberg Bank reissued their buy rating on shares of Prudential (LON:PRU) in a research note issued to investors on Thursday morning,Digital Look reports. Berenberg Bank currently has a GBX 1,445 target price on the financial services provider’s stock.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,500 price objective on shares of Prudential in a report on Friday, August 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,453.

Prudential Price Performance

Shares of LON:PRU opened at GBX 1,032.52 on Thursday. Prudential has a 12 month low of GBX 910.20 and a 12 month high of GBX 1,238. The firm has a market capitalization of £25.68 billion, a P/E ratio of 6.73, a P/E/G ratio of 0.40 and a beta of 0.90. The company’s fifty day moving average price is GBX 1,044.86 and its 200 day moving average price is GBX 1,069.53.

Insider Transactions at Prudential

In related news, insider Douglas Flint acquired 12,500 shares of Prudential stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of GBX 959 per share, with a total value of £119,875. 0.52% of the stock is owned by company 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.