Prudential - PUK Stock Forecast, Price & News

Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as savings products, such as participating, linked, and other traditional products. The company also provides insurance against common critical illnesses, including cancer, stroke, and heart attack; and tropical disease protection, such as dengue, malaria, and measles. It manages assets across equity, fixed income, multi asset, quantitative, and alternative strategies on behalf of institutional and individual investors. Prudential plc provides its products and services through agency sales force, banks, and brokers. The company was founded in 1848 and is headquartered in London, the United Kingdom.

Wall Street Analysts Forecast Growth

PUK has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Prudential from GBX 1,605 ($19.39) to GBX 1,687 ($20.38) in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Prudential from GBX 1,550 ($18.73) to GBX 1,475 ($17.82) in a research note on Wednesday, April 20th. Societe Generale raised Prudential from a "hold" rating to a "buy" rating and reduced their price objective for the stock from GBX 1,450 ($17.52) to GBX 1,375 ($16.61) in a research note on Tuesday, April 19th. Finally, UBS Group lifted their price objective on Prudential from GBX 1,655 ($20.00) to GBX 1,685 ($20.36) in a research note on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,579.50.

Prudential Trading Up 1.4 %

Shares of Prudential stock traded up $0.33 on Wednesday, reaching $24.64. The company had a trading volume of 583 shares, compared to its average volume of 593,269. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.04. The firm's 50-day moving average price is $24.55 and its two-hundred day moving average price is $27.23. Prudential has a 1 year low of $21.84 and a 1 year high of $44.42.

Insider Transactions at Prudential

In other news, major shareholder Plc Prudential sold 4,500,000 shares of Prudential stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $27.00, for a total value of $121,500,000.00. Following the completion of the transaction, the insider now owns 7,635,443 shares in the company, valued at approximately $206,156,961. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.