Prudential’s (PRU) “Outperform” Rating Reaffirmed at Credit Suisse Group
A number of other research firms also recently weighed in on PRU. JPMorgan Chase & Co. set a GBX 1,899 ($24.81) target price on Prudential and gave the stock a neutral rating in a research report on Wednesday, August 8th. Shore Capital reaffirmed an under review rating on shares of Prudential in a research note on Monday, September 17th. Barclays decreased their price target on Prudential from GBX 2,144 ($28.02) to GBX 2,076 ($27.13) and set an overweight rating on the stock in a research note on Wednesday, July 18th. UBS Group decreased their price target on Prudential from GBX 2,250 ($29.40) to GBX 2,100 ($27.44) and set a buy rating on the stock in a research note on Tuesday, October 16th. Finally, Morgan Stanley decreased their price target on Prudential from GBX 2,481 ($32.42) to GBX 2,469 ($32.26) and set an overweight rating on the stock in a research note on Monday, September 17th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Prudential currently has a consensus rating of Buy and an average target price of GBX 2,160.12 ($28.23).
LON:PRU traded down GBX 58.50 ($0.76) during mid-day trading on Thursday, reaching GBX 1,557.50 ($20.35). The stock had a trading volume of 4,791,077 shares, compared to its average volume of 4,740,000. Prudential has a one year low of GBX 1,612.14 ($21.07) and a one year high of GBX 1,992.50 ($26.04).
Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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