Prudential (LON:PRU) Insider Purchases £101,420 in Stock

Prudential plc (LON:PRU) insider Douglas Flint bought 11,000 shares of the stock in a transaction on Friday, November 6th. The shares were bought at an average price of GBX 922 per share, for a total transaction of £101,420.

Prudential Price Performance

Prudential stock traded down GBX 23.20 during mid-day trading on Friday, reaching GBX 927.80. The company had a trading volume of 67,635,813 shares, compared to its average volume of 12,892,830. The stock’s 50-day simple moving average is GBX 943.86 and its 200-day simple moving average is GBX 1,050.60. Prudential plc has a 1 year low of GBX 867.40 and a 1 year high of GBX 1,238. The company has a market capitalization of £22.84 billion, a P/E ratio of 6.52, a P/E/G ratio of 0.40 and a beta of 0.91.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,500 price objective on shares of Prudential in a research note on Thursday. Citigroup reduced their price objective on Prudential from GBX 1,425 to GBX 1,400 and set a “buy” rating for the company in a report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,500 target price on shares of Prudential in a research report on Thursday, October 29th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Prudential has an average rating of “Buy” and an average price target of GBX 1,464.

Prudential Company Profile

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.