Prudential plc (LON:PRU – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 916.94 ($12.25) and traded as high as GBX 1,020.50 ($13.63). Prudential shares last traded at GBX 1,018 ($13.60), with a volume of 3,326,808 shares.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Prudential from GBX 1,200 to GBX 1,275 and gave the stock an “overweight” rating in a research note on Monday, October 13th. UBS Group restated a “buy” rating and set a GBX 1,200 price target on shares of Prudential in a research report on Friday, August 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,350 price target on shares of Prudential in a research report on Monday, September 22nd. Finally, Citigroup reduced their price target on shares of Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating for the company in a research report on Monday, September 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,189.40.
Check Out Our Latest Report on Prudential
Prudential Price Performance
Insiders Place Their Bets
In other Prudential news, insider Guido Fürer bought 13,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was purchased at an average price of GBX 966 per share, for a total transaction of £125,580. 0.46% of the stock is owned by corporate insiders.
About Prudential
Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).
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