Prudential Public Limited Company (NYSE:PUK) Stock Has Average Price Target of $39.30 According to Brokerages

Shares of Prudential Public Limited Company (NYSE:PUK) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $39.30.

Several analysts have recently issued reports on PUK shares. Wall Street Zen lowered shares of Prudential Public from a “hold” rating to a “sell” rating in a research report on Sunday. Zacks Research raised shares of Prudential Public from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Prudential Public in a research note on Friday. Finally, Berenberg Bank set a $39.30 target price on shares of Prudential Public and gave the company a “buy” rating in a report on Thursday, September 3rd.

Prudential Public Price Performance

Shares of PUK opened at $24.52 on Friday. The business has a 50-day moving average of $27.29 and a 200 day moving average of $28.37. Prudential Public has a fifty-two week low of $24.25 and a fifty-two week high of $34.03.

Prudential Public (NYSE:PUK) last released its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 EPS for the quarter. The business had revenue of $3.90 billion for the quarter. On average, research analysts expect that Prudential Public will post 2.34 earnings per share for the current year.

Prudential Public Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th will be given a $0.1776 dividend. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 133.0%.

Institutional Trading of Prudential Public

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new position in Prudential Public during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its position in shares of Prudential Public by 2,583.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,549 shares of the financial services provider’s stock valued at $79,000 after buying an additional 2,454 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Prudential Public by 179.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,612 shares of the financial services provider’s stock worth $175,000 after buying an additional 3,604 shares in the last quarter. Strategic Investment Advisors MI purchased a new stake in shares of Prudential Public in the first quarter worth about $166,000. Finally, West Family Investments Inc. bought a new position in shares of Prudential Public in the fourth quarter valued at approximately $218,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About Prudential Public

Prudential plc (NYSE: PUK) is an international insurance and financial services company headquartered in London. The company focuses on serving customers in Asia and Africa, providing financial protection and long-term savings solutions through its insurance and asset management businesses.

Its principal products and services include life insurance, health and medical coverage, savings and investment products, retirement planning, and wealth management. Prudential distributes its offerings through agency networks, bancassurance partnerships, brokers, and digital channels, serving individuals, families, and businesses.

Founded in 1848, Prudential has developed a substantial presence across markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam, the Philippines, Taiwan, and selected African countries.