Prudential (PRU) PT Lowered to GBX 1,522

Prudential (LON:PRU) had its target price lowered by JPMorgan Chase & Co. from GBX 1,899 ($24.81) to GBX 1,522 ($19.89) in a research note released on Tuesday morning, MarketBeat reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank reissued a buy rating and issued a GBX 1,750 ($22.87) price target on shares of Prudential in a report on Monday. Barclays lowered their target price on shares of Prudential from GBX 2,163 ($28.26) to GBX 2,104 ($27.49) and set an overweight rating on the stock in a report on Thursday, December 13th. Credit Suisse Group reaffirmed an outperform rating on shares of Prudential in a report on Wednesday, December 12th. Royal Bank of Canada raised their target price on shares of Prudential from GBX 1,600 ($20.91) to GBX 1,750 ($22.87) and gave the stock a sector performer rating in a report on Tuesday, December 11th. Finally, UBS Group reaffirmed a buy rating on shares of Prudential in a report on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 2,120.07 ($27.70).

Prudential stock opened at GBX 1,448 ($18.92) on Tuesday. Prudential has a twelve month low of GBX 1,612.14 ($21.07) and a twelve month high of GBX 1,992.50 ($26.04).

In other Prudential news, insider Fields Wicker-Miurin purchased 1,000 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of GBX 1,398 ($18.27) per share, with a total value of £13,980 ($18,267.35). Insiders have bought 1,027 shares of company stock valued at $1,438,685 in the last ninety days.

About Prudential

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.

Further Reading: How Important is Technical Analysis of Stocks

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply