Prudential (PRU) Hits New 12-Month High at $1,970.50

Prudential plc (LON:PRU) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,970.50 ($26.72) and last traded at GBX 1,970.50 ($26.72), with a volume of 5277309 shares traded. The stock had previously closed at GBX 1,970.50 ($26.72).

Several research analysts have issued reports on PRU shares. Shore Capital reissued a “buy” rating on shares of Prudential in a research report on Thursday, November 16th. Jefferies Group raised their target price on Prudential from GBX 1,771 ($24.02) to GBX 2,000 ($27.12) and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,075 ($28.14) target price on shares of Prudential in a research report on Tuesday, November 7th. Barclays reissued an “overweight” rating and issued a GBX 2,161 ($29.31) target price on shares of Prudential in a research report on Monday, December 18th. Finally, Deutsche Bank raised their target price on Prudential from GBX 2,000 ($27.12) to GBX 2,050 ($27.80) and gave the stock a “buy” rating in a research report on Thursday, January 4th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 2,023.63 ($27.44).

The firm has a market capitalization of $50,510.00 and a PE ratio of 1,841.59.

In other Prudential news, insider David J. A. Law bought 2,162 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of GBX 1,837 ($24.91) per share, with a total value of £39,715.94 ($53,859.43). Also, insider Anne Richards bought 21,408 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of GBX 1,833 ($24.86) per share, for a total transaction of £392,408.64 ($532,151.67). Over the last ninety days, insiders have bought 23,600 shares of company stock worth $43,268,288.

TRADEMARK VIOLATION WARNING: This article was first reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://transcriptdaily.com/2018/01/10/prudential-pru-hits-new-12-month-high-at-1970-50.html.

About Prudential

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply