Prudential plc (LON:PRU) Receives Average Recommendation of “Buy” from Brokerages

Share on StockTwits

Prudential plc (LON:PRU) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,115 ($27.64).

PRU has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector performer” rating on shares of Prudential in a report on Thursday. Barclays reiterated an “overweight” rating on shares of Prudential in a report on Monday, June 10th. Jefferies Financial Group increased their price objective on Prudential from GBX 1,936 ($25.30) to GBX 1,949 ($25.47) and gave the stock a “hold” rating in a report on Monday, April 29th. Shore Capital reiterated a “buy” rating on shares of Prudential in a report on Thursday, July 4th. Finally, UBS Group reiterated a “buy” rating on shares of Prudential in a report on Thursday.

In other Prudential news, insider Fields Wicker-Miurin acquired 1,500 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of GBX 1,655 ($21.63) per share, for a total transaction of £24,825 ($32,438.26). In the last quarter, insiders acquired 1,524 shares of company stock valued at $2,521,743.

PRU stock traded down GBX 4 ($0.05) during trading on Friday, hitting GBX 1,430 ($18.69). 5,839,978 shares of the company traded hands, compared to its average volume of 4,740,000. The firm has a market capitalization of $37.50 billion and a price-to-earnings ratio of 12.24. Prudential has a 1 year low of GBX 1,325 ($17.31) and a 1 year high of GBX 1,843 ($24.08). The stock has a 50-day moving average of GBX 1,673.21. 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 firm also recently disclosed a dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, August 22nd will be issued a GBX 16.45 ($0.21) dividend. This represents a yield of 1.15%. The ex-dividend date is Thursday, August 22nd. Prudential’s dividend payout ratio (DPR) is currently 0.42%.

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.

Further Reading: What is the Bid-Ask Spread?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.