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.
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%.
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.
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