Prudential (LON:PRU) Stock Keeps Buy Rating at Berenberg Bank

Prudential (LON:PRU)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research note issued on Thursday, September 24th, Marketbeat Ratings reports. They currently have a GBX 1,445 price target on the financial services provider’s stock. Berenberg Bank’s price objective would indicate a potential upside of 56.89% from the company’s previous close.

PRU has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 1,500 price target on shares of Prudential in a research report on Friday, August 28th. Citigroup dropped 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. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Prudential has an average rating of “Buy” and an average target price of GBX 1,453.

Prudential Stock Down 1.1%

Shares of PRU traded down GBX 10.40 during trading hours on Thursday, reaching GBX 921. 10,130,881 shares of the company traded hands, compared to its average volume of 13,115,769. The business has a fifty day moving average price of GBX 1,020.33 and a 200-day moving average price of GBX 1,052.67. Prudential has a 12-month low of GBX 906.60 and a 12-month high of GBX 1,238. The stock has a market capitalization of £22.66 billion, a P/E ratio of 6.48, a P/E/G ratio of 0.40 and a beta of 0.89.

Insider Buying and Selling

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

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.