Prudential Public (NYSE:PUK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $57.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 11.92% from the company’s previous close.
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. “
Separately, ValuEngine cut shares of Prudential Public from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.00.
Shares of Prudential Public (NYSE PUK) traded down $0.02 during trading on Thursday, hitting $50.93. 171,600 shares of the stock were exchanged, compared to its average volume of 195,700. Prudential Public has a fifty-two week low of $38.17 and a fifty-two week high of $51.21.
Large investors have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in Prudential Public in the 2nd quarter valued at $209,000. Hansberger Growth Investors LP grew its position in Prudential Public by 4.3% in the 3rd quarter. Hansberger Growth Investors LP now owns 58,880 shares of the financial services provider’s stock valued at $2,821,000 after buying an additional 2,421 shares during the last quarter. Capital Bank & Trust Co grew its position in Prudential Public by 6.4% in the 3rd quarter. Capital Bank & Trust Co now owns 532,464 shares of the financial services provider’s stock valued at $25,510,000 after buying an additional 32,079 shares during the last quarter. Citadel Advisors LLC grew its position in Prudential Public by 45.6% in the 3rd quarter. Citadel Advisors LLC now owns 56,757 shares of the financial services provider’s stock valued at $2,719,000 after buying an additional 17,777 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Prudential Public by 2.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 601,458 shares of the financial services provider’s stock valued at $28,858,000 after buying an additional 13,940 shares during the last quarter. Hedge funds and other institutional investors own 1.63% of the company’s stock.
Prudential Public Company Profile
Prudential Public Limited Company is an 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. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
Receive News & Ratings for Prudential Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public and related companies with MarketBeat.com's FREE daily email newsletter.