Prudential (LON:PRU) had its target price increased by JPMorgan Chase & Co. from GBX 1,800 ($24.87) to GBX 1,899 ($26.24) in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 2.31% from the stock’s current price.
A number of other research firms also recently issued reports on PRU. Citigroup set a GBX 2,186 ($30.20) price target on shares of Prudential and gave the company a “buy” rating in a research note on Friday, January 12th. Credit Suisse Group set a GBX 2,180 ($30.12) target price on shares of Prudential and gave the company a “buy” rating in a research note on Wednesday, January 17th. Barclays reissued an “overweight” rating on shares of Prudential in a research note on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and issued a GBX 2,481 ($34.28) target price on shares of Prudential in a research note on Thursday, February 1st. Finally, UBS Group set a GBX 2,200 ($30.40) target price on shares of Prudential and gave the company a “buy” rating in a research note on Friday, November 17th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 2,082.55 ($28.77).
Shares of Prudential (LON:PRU) opened at GBX 1,944 ($26.86) on Wednesday. The stock has a market cap of $50,280.00 and a price-to-earnings ratio of 2,090.32. Prudential has a 12 month low of GBX 1,612.14 ($22.27) and a 12 month high of GBX 1,992.50 ($27.53).
Prudential (LON:PRU) last released its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 139 ($1.92) by GBX 6.20 ($0.09). The company had revenue of GBX 4,400.50 billion for the quarter. Prudential had a net margin of 3.50% and a return on equity of 19.94%.
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Prudential Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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