Prudential Public Limited Company (PUK) Receives $42.40 Consensus PT from Analysts

Shares of Prudential Public Limited Company (NYSE:PUK) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $46.70.

Several research firms have recently commented on PUK. Zacks Investment Research upgraded Prudential Public Limited Company from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Wednesday. Goldman Sachs Group Inc lowered Prudential Public Limited Company from a “conviction-buy” rating to a “buy” rating in a research note on Monday, May 8th. Finally, JPMorgan Chase & Co. upgraded Prudential Public Limited Company from an “underweight” rating to a “neutral” rating in a research note on Friday, March 17th.

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Large investors have recently modified their holdings of the company. Feltz Wealth PLAN Inc. acquired a new stake in shares of Prudential Public Limited Company during the first quarter worth about $108,000. PNC Financial Services Group Inc. raised its stake in shares of Prudential Public Limited Company by 156.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,861 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,747 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Prudential Public Limited Company by 175.1% in the first quarter. Quadrant Capital Group LLC now owns 2,935 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,868 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Prudential Public Limited Company by 1.8% in the third quarter. Advisor Group Inc. now owns 4,921 shares of the financial services provider’s stock worth $172,000 after buying an additional 85 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in shares of Prudential Public Limited Company during the first quarter worth $228,000. Institutional investors and hedge funds own 1.46% of the company’s stock.

Shares of Prudential Public Limited Company (NYSE:PUK) traded up 0.97% during trading on Tuesday, hitting $45.88. The stock had a trading volume of 250,257 shares. The stock’s 50-day moving average price is $43.64 and its 200 day moving average price is $40.58. The firm has a market capitalization of $58.96 billion, a P/E ratio of 23.82 and a beta of 1.68. Prudential Public Limited Company has a 1-year low of $29.14 and a 1-year high of $46.06.

The firm also recently declared a semiannual dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, March 31st will be paid a $0.744 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from Prudential Public Limited Company’s previous semiannual dividend of $0.34.

About Prudential Public Limited Company

Prudential Public Limited Company (Prudential) is a United Kingdom-based international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations.

12 Month Chart for NYSE:PUK

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