Prudential (LON:PRU) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Buy” rating on Prudential and set a GBX 1,500 price target, implying 65.67% potential upside from the current price.
• Prudential has broad analyst support: five analysts rate it a Buy, with a consensus rating of “Buy” and an average target price of GBX 1,453.
• The stock opened at GBX 905.40, with a £22.29 billion market capitalization, while insider Anil Wadhwani purchased 42 shares at GBX 990 each.

Prudential (LON:PRU - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 1,500 target price on the financial services provider's stock. Jefferies Financial Group's price target points to a potential upside of 65.67% from the company's current price.

A number of other brokerages have also recently issued reports on PRU. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,445 target price on shares of Prudential in a report on Monday. Citigroup lowered their price target on Prudential from GBX 1,425 to GBX 1,400 and set a "buy" rating on the stock in a research report on Friday, September 4th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Prudential has a consensus rating of "Buy" and an average price target of GBX 1,453.

Prudential Trading Up 0.4%

LON:PRU opened at GBX 905.40 on Thursday. The stock has a market capitalization of £22.29 billion, a PE ratio of 6.37, a P/E/G ratio of 0.40 and a beta of 0.91. The firm has a fifty day simple moving average of GBX 955 and a 200 day simple moving average of GBX 1,057.72. Prudential has a 1-year low of GBX 867.40 and a 1-year high of GBX 1,238.

Insider Activity

In other news, insider Anil Wadhwani purchased 42 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of GBX 990 per share, with a total value of £415.80. 0.52% of the stock is currently owned by corporate insiders.

Prudential Company Profile

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.

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