Prudential (LON:PRU) Price Target Cut to GBX 1,122 by Analysts at Citigroup

Key Points

• Citigroup analysts have lowered Prudential's price target from GBX 1,142 to GBX 1,122, while maintaining a "buy" rating, indicating a potential upside of 13.61% from the stock's last close.
• Other analysts, such as JPMorgan and UBS, have set higher targets of GBX 1,150 and GBX 1,200, respectively, contributing to an average price target of GBX 1,156.40.
• Prudential has a strong market presence, offering life and health insurance and asset management services across 24 markets in Asia and Africa.

Prudential (LON:PRU - Get Free Report) had its price objective reduced by equities research analysts at Citigroup from GBX 1,142 to GBX 1,122 in a research report issued on Monday,Digital Look reports. The firm currently has a "buy" rating on the financial services provider's stock. Citigroup's target price indicates a potential upside of 13.61% from the stock's previous close.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,150 price target on shares of Prudential in a research note on Wednesday, July 16th. UBS Group reissued a "buy" rating and set a GBX 1,200 price target on shares of Prudential in a research note on Friday, August 15th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 1,156.40.

Prudential Price Performance

Shares of LON:PRU opened at GBX 987.60 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The company has a market cap of £25.31 billion, a P/E ratio of 1,175.71, a PEG ratio of 0.40 and a beta of 1.20. Prudential has a 52 week low of GBX 594.80 and a 52 week high of GBX 1,011.47. The company has a 50-day moving average price of GBX 944.93 and a 200 day moving average price of GBX 851.35.

Insider Buying and Selling at Prudential

In other Prudential news, insider George David Sartorel acquired 1,000 shares of the company's stock in a transaction dated Thursday, June 19th. The stock was acquired at an average cost of GBX 879 per share, with a total value of £8,790. 0.46% of the stock is currently owned by company 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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