Prudential (PRU) Earns “Overweight” Rating from Morgan Stanley
Prudential (LON:PRU)‘s stock had its “overweight” rating reaffirmed by analysts at Morgan Stanley in a report released on Monday, Digital Look reports. They presently have a GBX 2,428 ($31.73) target price on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 42.87% from the company’s current price.
A number of other brokerages have also issued reports on PRU. Royal Bank of Canada set a GBX 1,750 ($22.87) target price on shares of Prudential and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. UBS Group restated a “buy” rating and set a GBX 2,000 ($26.13) target price (down from GBX 2,100 ($27.44)) on shares of Prudential in a research report on Friday, February 1st. Barclays restated a “top pick” rating on shares of Prudential in a research report on Monday, January 21st. Deutsche Bank restated a “buy” rating and set a GBX 1,750 ($22.87) target price on shares of Prudential in a research report on Monday, January 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Prudential from GBX 1,522 ($19.89) to GBX 1,558 ($20.36) and gave the stock a “neutral” rating in a research report on Tuesday, February 5th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 2,041.33 ($26.67).
PRU stock traded up GBX 27.50 ($0.36) during midday trading on Monday, reaching GBX 1,699.50 ($22.21). 2,715,410 shares of the company were exchanged, compared to its average volume of 4,740,000. The company has a current ratio of 1.17, a quick ratio of 0.14 and a debt-to-equity ratio of 113.46. Prudential has a 1-year low of GBX 1,325 ($17.31) and a 1-year high of GBX 1,962 ($25.64). The stock has a market cap of $44.00 billion and a P/E ratio of 14.55.
Prudential Company Profile
Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.
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