Brokerages Set Prudential plc (PRU) Price Target at $1,655.68

Prudential plc (LON:PRU) has been assigned an average rating of “Buy” from the twenty ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 1,763.58 ($21.78).

A number of research firms have commented on PRU. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 1,890 ($23.34) target price on shares of Prudential plc in a research report on Thursday, February 2nd. Royal Bank of Canada upped their target price on shares of Prudential plc from GBX 1,500 ($18.53) to GBX 1,600 ($19.76) and gave the company a “sector performer” rating in a research report on Friday. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,845 ($22.79) target price (up previously from GBX 1,748 ($21.59)) on shares of Prudential plc in a research report on Monday, December 12th. Goldman Sachs Group Inc set a GBX 1,775 ($21.92) price target on shares of Prudential plc and gave the stock a “buy” rating in a research report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. raised shares of Prudential plc to a “neutral” rating and increased their price target for the stock from GBX 1,450 ($17.91) to GBX 1,705 ($21.06) in a research report on Friday.

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Shares of Prudential plc (LON:PRU) opened at 1768.00 on Tuesday. Prudential plc has a 52-week low of GBX 1,096.00 and a 52-week high of GBX 1,801.50. The stock’s market cap is GBX 45.34 billion. The firm’s 50-day moving average is GBX 1,631.54 and its 200 day moving average is GBX 1,522.44.

The company also recently announced a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be issued a GBX 30.57 ($0.38) dividend. This is a boost from Prudential plc’s previous dividend of $12.93. The ex-dividend date of this dividend is Thursday, March 30th. This represents a yield of 1.78%.

Prudential plc Company Profile

Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.

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