Deutsche Bank Cuts Prudential (PRU) Price Target to GBX 2,100

Prudential (LON:PRU) had its price objective reduced by equities researchers at Deutsche Bank from GBX 2,275 ($29.73) to GBX 2,100 ($27.44) in a report released on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 37.84% from the stock’s current price.

PRU has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 1,899 ($24.81) price target (down previously from GBX 1,899 ($24.81)) on shares of Prudential in a research note on Wednesday, August 29th. UBS Group restated a “top pick” rating and issued a GBX 2,100 ($27.44) price target on shares of Prudential in a research note on Wednesday, October 24th. HSBC set a GBX 2,270 ($29.66) price target on Prudential and gave the company a “buy” rating in a research note on Wednesday, August 15th. Credit Suisse Group restated an “outperform” rating on shares of Prudential in a research note on Thursday, August 23rd. Finally, Berenberg Bank increased their price target on Prudential from GBX 2,400 ($31.36) to GBX 2,600 ($33.97) and gave the company a “buy” rating in a research note on Thursday, August 30th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 2,183.80 ($28.54).

PRU opened at GBX 1,523.50 ($19.91) on Monday. Prudential has a 1-year low of GBX 1,612.14 ($21.07) and a 1-year high of GBX 1,992.50 ($26.04).

In other Prudential news, insider James Turner sold 1,473 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of GBX 1,748 ($22.84), for a total value of £25,748.04 ($33,644.37). Over the last ninety days, insiders acquired 35 shares of company stock worth $57,904.

Prudential Company Profile

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Analyst Recommendations for Prudential (LON:PRU)

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