Prudential (PRU) PT Lowered to GBX 2,100

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Prudential (LON:PRU) had its price target reduced by research analysts at UBS Group from GBX 2,250 ($29.40) to GBX 2,100 ($27.44) in a report released on Tuesday, October 16th, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price would suggest a potential upside of 30.92% from the company’s current price.

Several other brokerages have also recently weighed in on PRU. JPMorgan Chase & Co. set a GBX 1,899 ($24.81) price objective on Prudential and gave the company a “neutral” rating in a research note on Thursday, October 11th. Morgan Stanley restated an “overweight” rating on shares of Prudential in a research note on Thursday, September 27th. Shore Capital restated an “under review” rating on shares of Prudential in a research note on Monday, September 17th. Barclays raised their price objective on Prudential from GBX 2,076 ($27.13) to GBX 2,163 ($28.26) and gave the company an “overweight” rating in a research note on Friday, September 7th. Finally, Berenberg Bank raised their price objective on Prudential from GBX 2,400 ($31.36) to GBX 2,600 ($33.97) and gave the company a “buy” rating in a research note on Thursday, August 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,160.12 ($28.23).

Shares of PRU traded down GBX 6 ($0.08) during trading hours on Tuesday, reaching GBX 1,604 ($20.96). The stock had a trading volume of 6,068,229 shares, compared to its average volume of 4,740,000. Prudential has a 12 month low of GBX 1,612.14 ($21.07) and a 12 month high of GBX 1,992.50 ($26.04).

In related news, insider James Turner sold 1,473 shares of Prudential stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of GBX 1,748 ($22.84), for a total value of £25,748.04 ($33,644.37). In the last three months, insiders purchased 35 shares of company stock valued at $57,904.

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.

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Analyst Recommendations for Prudential (LON:PRU)

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