Prudential's (PRU) Buy Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies Financial Group has reaffirmed its "buy" rating on Prudential (PRU), with a price target of GBX 1,350, indicating a potential upside of 32.25% from the current stock price.
• Multiple research firms, including UBS Group and Citigroup, have issued "buy" ratings on Prudential, with a consensus price target of GBX 1,164.40.
• Insider Guido Fürer purchased 13,000 shares of Prudential stock, signaling confidence in the company's future performance.

Jefferies Financial Group reiterated their buy rating on shares of Prudential (LON:PRU - Free Report) in a report published on Monday morning, MarketBeat Ratings reports. They currently have a GBX 1,350 target price on the financial services provider's stock.

Several other analysts also recently issued reports on the company. UBS Group restated a "buy" rating and issued a GBX 1,200 price objective on shares of Prudential in a research report on Friday, August 15th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,150 target price on shares of Prudential in a research report on Wednesday, July 16th. Finally, Citigroup reduced their target price on Prudential from GBX 1,142 to GBX 1,122 and set a "buy" rating on the stock in a research report on Monday, September 1st. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 1,164.40.

Prudential Price Performance

Prudential stock traded up GBX 6.93 during trading hours on Monday, hitting GBX 1,028.77. The stock had a trading volume of 2,650,562 shares, compared to its average volume of 6,848,539. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The stock has a market capitalization of £26.27 billion, a price-to-earnings ratio of 799.36, a PEG ratio of 0.40 and a beta of 1.20. Prudential has a 1-year low of GBX 594.80 and a 1-year high of GBX 1,048.50. The stock's fifty day moving average is GBX 973.63 and its two-hundred day moving average is GBX 882.56.

Insiders Place Their Bets

In other Prudential news, insider Guido Fürer acquired 13,000 shares of the 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 currently owned by company 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).