Prudential (LON:PRU) has been given a GBX 1,750 ($22.87) price target by Royal Bank of Canada in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 1.48% from the company’s previous close.

A number of other equities analysts also recently issued reports on PRU. Morgan Stanley lowered their price objective on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. HSBC decreased their target price on Canada Goose from C$62.00 to C$55.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 265 ($3.46) target price on shares of WM Morrison Supermarkets in a research note on Monday, April 29th. JPMorgan Chase & Co. decreased their target price on from GBX 97 ($1.27) to GBX 89 ($1.16) and set a “neutral” rating for the company in a research note on Monday, June 17th. Finally, UBS Group set a €74.00 ($86.05) target price on Bayerische Motoren Werke and gave the stock a “neutral” rating in a research note on Thursday, July 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 2,061 ($26.93).

Shares of PRU traded down GBX 2.50 ($0.03) during mid-day trading on Tuesday, reaching GBX 1,724.50 ($22.53). 2,388,508 shares of the company were exchanged, compared to its average volume of 4,740,000. Prudential has a 52 week low of GBX 1,325 ($17.31) and a 52 week high of GBX 1,843 ($24.08). The company has a debt-to-equity ratio of 113.46, a current ratio of 1.17 and a quick ratio of 0.14. The company has a market capitalization of $44.83 billion and a PE ratio of 14.76. The stock has a 50 day simple moving average of GBX 1,658.73.

In other news, insider Fields Wicker-Miurin acquired 1,500 shares of Prudential stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of GBX 1,655 ($21.63) per share, with a total value of £24,825 ($32,438.26). Insiders acquired 1,522 shares of company stock valued at $2,520,065 in the last three months.

About Prudential

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.

See Also: Understanding Options Trading

Analyst Recommendations for Prudential (LON:PRU)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with's FREE daily email newsletter.