Credit Suisse Group Increases Prudential (PRU) Price Target to GBX 1,845

Prudential (LON:PRU) had its price objective increased by research analysts at Credit Suisse Group from GBX 1,835 ($23.98) to GBX 1,845 ($24.11) in a research note issued on Friday. The firm presently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 13.57% from the company’s previous close.

Several other research firms have also weighed in on PRU. Barclays reiterated an “overweight” rating and issued a GBX 2,063 ($26.96) target price (down from GBX 2,104 ($27.49)) on shares of Prudential in a report on Wednesday, March 6th. JPMorgan Chase & Co. set a GBX 1,558 ($20.36) target price on shares of Prudential and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada reiterated a “sector performer” rating on shares of Prudential in a report on Thursday. Deutsche Bank reiterated a “buy” rating on shares of Prudential in a report on Wednesday, February 27th. Finally, UBS Group reiterated a “buy” rating on shares of Prudential in a report on Tuesday, November 20th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 2,073.42 ($27.09).

PRU opened at GBX 1,624.50 ($21.23) on Friday. The company has a current ratio of 0.97, a quick ratio of 0.29 and a debt-to-equity ratio of 117.70. The stock has a market cap of $41.94 billion and a P/E ratio of 18.67. Prudential has a twelve month low of GBX 1,325 ($17.31) and a twelve month high of GBX 1,962 ($25.64).

About Prudential

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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