Prudential plc (LON:PRU) Receives Consensus Rating of “Buy” from Brokerages

Shares of Prudential plc (LON:PRUGet Rating) have earned an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 1,702.73 ($22.19).

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a GBX 1,550 ($20.20) price target on shares of Prudential in a report on Wednesday, March 16th. The Goldman Sachs Group set a GBX 1,761 ($22.95) price target on shares of Prudential in a report on Monday, February 14th. HSBC set a GBX 1,825 ($23.78) target price on Prudential in a research note on Monday, January 17th. Barclays reissued an “overweight” rating and issued a GBX 1,665 ($21.70) target price on shares of Prudential in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a GBX 1,590 ($20.72) target price on Prudential in a research note on Friday, March 18th.

Shares of LON:PRU traded up GBX 6 ($0.08) during trading on Monday, hitting GBX 1,069 ($13.93). 3,136,029 shares of the company were exchanged, compared to its average volume of 7,084,871. The company has a market cap of £29.39 billion and a PE ratio of -17.94. The stock has a 50 day moving average of GBX 1,114.58 and a 200 day moving average of GBX 1,272.38. Prudential has a 52-week low of GBX 976 ($12.72) and a 52-week high of GBX 1,598.50 ($20.83). The company has a debt-to-equity ratio of 41.77, a current ratio of 1.38 and a quick ratio of 0.61.

The business also recently disclosed a dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, March 24th will be paid a dividend of $0.12 per share. This is a boost from Prudential’s previous dividend of $0.05. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 24th. Prudential’s dividend payout ratio (DPR) is -0.27%.

In other news, insider James Turner sold 13,822 shares of the firm’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of GBX 1,127 ($14.69), for a total transaction of £155,773.94 ($202,989.24). Also, insider Amy Yip acquired 7,291 shares of Prudential stock in a transaction dated Tuesday, March 15th. The shares were bought at an average cost of GBX 988 ($12.87) per share, for a total transaction of £72,035.08 ($93,869.01).

About Prudential (Get Rating)

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.

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Analyst Recommendations for Prudential (LON:PRU)

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