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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PUK. Societe Generale raised Prudential from a "hold" rating to a "buy" rating and reduced their price objective for the company from GBX 1,450 ($17.52) to GBX 1,375 ($16.61) in a research note on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Prudential from GBX 1,550 ($18.73) to GBX 1,475 ($17.82) in a report on Wednesday, April 20th. Finally, Morgan Stanley boosted their price objective on shares of Prudential from GBX 1,605 ($19.39) to GBX 1,687 ($20.38) in a research report on Friday, July 15th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Prudential currently has an average rating of "Moderate Buy" and a consensus price target of $1,579.50.

Prudential Stock Performance

PUK Stock opened at $24.69 on Thursday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.35. Prudential has a 12 month low of $21.84 and a 12 month high of $44.42. The company has a fifty day moving average price of $24.55 and a 200 day moving average price of $27.23.

Insider Activity at Prudential

In other Prudential news, major shareholder Plc Prudential sold 4,200,000 shares of the firm's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $40.79, for a total transaction of $171,318,000.00. Following the sale, the insider now directly owns 12,135,443 shares of the company's stock, valued at approximately $495,004,719.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.