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

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a report issued 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 would suggest a potential upside of 53.24% from the company’s current price.

PRU has been the subject of a number of other reports. Citigroup reduced their price objective on shares of Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a research note on Friday, September 4th. Jefferies Financial Group reiterated 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, According to data from MarketBeat.com, Prudential has an average rating of “Buy” and a consensus target price of GBX 1,453.

Prudential Stock Down 0.7%

Shares of LON:PRU traded down GBX 6.64 on Thursday, hitting GBX 942.96. 6,328,614 shares of the company traded hands, compared to its average volume of 13,150,184. The stock has a 50 day simple moving average of GBX 1,030.14 and a 200-day simple moving average of GBX 1,056.72. The company has a market cap of £23.20 billion, a PE ratio of 6.63, a PEG ratio of 0.40 and a beta of 0.89. Prudential has a 52 week low of GBX 910.20 and a 52 week high of GBX 1,238.

Insider Transactions at Prudential

In other news, insider Anil Wadhwani bought 42 shares of Prudential stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of GBX 990 per share, with a total value of £415.80. Corporate 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.