Prudential plc (LON:PRU) was upgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Friday. The firm presently has a GBX 1,705 ($21.06) price objective on the stock, up from their previous price objective of GBX 1,450 ($17.91). JPMorgan Chase & Co.’s target price would indicate a potential downside of 3.59% from the stock’s current price.
Several other research firms have also recently weighed in on PRU. Jefferies Group LLC raised their price objective on shares of Prudential plc from GBX 1,437 ($17.75) to GBX 1,469 ($18.14) and gave the company a “hold” rating in a research report on Thursday, December 8th. Deutsche Bank AG upgraded shares of Prudential plc to a “buy” rating and raised their price objective for the company from GBX 1,590 ($19.64) to GBX 1,670 ($20.62) in a research report on Friday, November 18th. Barclays PLC set a GBX 1,748 ($21.59) price objective on shares of Prudential plc and gave the company a “buy” rating in a research report on Friday, November 18th. HSBC Holdings plc set a GBX 1,890 ($23.34) price objective on shares of Prudential plc and gave the company a “buy” rating in a research report on Friday, January 13th. Finally, S&P Global set a GBX 1,800 ($22.23) price objective on shares of Prudential plc and gave the company a “neutral” rating in a research report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 1,753.37 ($21.65).
Prudential plc (LON:PRU) opened at 1768.50 on Friday. Prudential plc has a 1-year low of GBX 1,096.00 and a 1-year high of GBX 1,801.50. The stock has a 50 day moving average price of GBX 1,631.54 and a 200 day moving average price of GBX 1,522.44. The firm’s market capitalization is GBX 45.36 billion.
The company also recently disclosed a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, March 30th will be given 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 dividend yield of 1.78%.
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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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