Prudential (LON:PRU) Given a GBX 1,685 Price Target at UBS Group

Prudential (LON:PRUGet Rating) has been given a GBX 1,685 ($21.20) target price by analysts at UBS Group in a note issued to investors on Friday, Borsen Zeitung reports. UBS Group’s target price would indicate a potential upside of 63.59% from the stock’s current price.

PRU has been the subject of several other reports. Jefferies Financial Group set a GBX 1,650 ($20.76) price objective on shares of Prudential in a research report on Tuesday, March 15th. Barclays reiterated an “overweight” rating and set a GBX 1,665 ($20.95) price objective on shares of Prudential in a research report on Wednesday, April 13th. JPMorgan Chase & Co. set a GBX 1,590 ($20.01) price objective on shares of Prudential in a research report on Friday, April 29th. The Goldman Sachs Group set a GBX 1,761 ($22.16) price target on shares of Prudential in a report on Monday, February 14th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Prudential from GBX 1,550 ($19.50) to GBX 1,475 ($18.56) and set a “buy” rating on the stock in a report on Wednesday, April 20th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,695.91 ($21.34).

LON PRU traded up GBX 23 ($0.29) on Friday, hitting GBX 1,030 ($12.96). The company’s stock had a trading volume of 4,907,889 shares, compared to its average volume of 7,271,912. The company has a quick ratio of 0.61, a current ratio of 1.38 and a debt-to-equity ratio of 41.77. Prudential has a 1-year low of GBX 881 ($11.09) and a 1-year high of GBX 1,566 ($19.71). The company’s 50-day moving average is GBX 1,034.46 and its 200 day moving average is GBX 1,181.13. The firm has a market cap of £28.32 billion and a PE ratio of -16.56.

In other Prudential news, insider James Turner sold 13,822 shares of the company’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of GBX 1,127 ($14.18), for a total value of £155,773.94 ($196,016.03). Also, insider Amy Yip acquired 7,291 shares of Prudential stock in a transaction on Tuesday, March 15th. The stock was purchased at an average cost of GBX 988 ($12.43) per share, with a total value of £72,035.08 ($90,644.37).

Prudential Company Profile (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.

Further Reading

Analyst Recommendations for Prudential (LON:PRU)

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