Prudential Public Limited Company (PUK) Downgraded to Hold at Zacks Investment Research

Prudential Public Limited Company (NYSE:PUK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, June 10th.

According to Zacks, “PRUDENTIAL PLC provides retail financial products and services and fund management to many millions of customers worldwide. Their commitment to the shareholders who own Prudential is to maximise the value over time of their investment. They do this by investing for the long term to develop and bring out the best in their people and their businesses to produce superior products and services, and hence superior financial returns. Their aim is to deliver top quartile performance among their international peer group in terms of total shareholder returns. “

A number of other equities analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Prudential Public Limited Company in a research report on Thursday, April 20th. J P Morgan Chase & Co raised shares of Prudential Public Limited Company from an “underweight” rating to a “neutral” rating in a research report on Friday, March 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $46.70.

Analyst Recommendations for Prudential Public Limited Company (NYSE:PUK)

Prudential Public Limited Company (PUK) opened at 46.04 on Friday. Prudential Public Limited Company has a 1-year low of $29.14 and a 1-year high of $46.08. The stock has a market capitalization of $59.17 billion, a P/E ratio of 23.95 and a beta of 1.61. The company has a 50-day moving average price of $45.34 and a 200 day moving average price of $41.81.

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Large investors have recently bought and sold shares of the stock. Atria Investments LLC boosted its stake in Prudential Public Limited Company by 0.4% in the first quarter. Atria Investments LLC now owns 6,325 shares of the financial services provider’s stock valued at $268,000 after buying an additional 24 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in Prudential Public Limited Company by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 17,789 shares of the financial services provider’s stock valued at $753,000 after buying an additional 63 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Prudential Public Limited Company by 2.2% in the first quarter. Checchi Capital Advisers LLC now owns 8,035 shares of the financial services provider’s stock valued at $340,000 after buying an additional 174 shares in the last quarter. Earnest Partners LLC boosted its stake in Prudential Public Limited Company by 1.2% in the first quarter. Earnest Partners LLC now owns 32,343 shares of the financial services provider’s stock valued at $1,370,000 after buying an additional 397 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Prudential Public Limited Company by 2.2% in the first quarter. Geode Capital Management LLC now owns 24,540 shares of the financial services provider’s stock valued at $1,039,000 after buying an additional 523 shares in the last quarter. 1.71% of the stock is currently owned by institutional investors and hedge funds.

Prudential Public Limited Company Company Profile

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.

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