Insider Buying: Prudential (LON:PRU) Insider Purchases 11,000 Shares of Company Stock

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

Prudential Stock Down 2.4%

LON:PRU traded down GBX 23.20 during midday trading on Friday, reaching GBX 927.80. The stock had a trading volume of 67,635,813 shares, compared to its average volume of 12,892,830. The stock has a market cap 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. The firm has a fifty day simple moving average of GBX 943.86 and a two-hundred day simple moving average of GBX 1,050.60. Prudential plc has a 12-month low of GBX 867.40 and a 12-month high of GBX 1,238.

Analysts Set New Price Targets

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