Prudential (LON:PRU) Stock Rating Reaffirmed by Credit Suisse Group

Prudential (LON:PRU)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently weighed in on PRU. JPMorgan Chase & Co. decreased their target price on shares of Prudential from GBX 1,627 ($21.26) to GBX 1,606 ($20.99) and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Prudential in a research note on Thursday, August 15th. Morgan Stanley reiterated an “overweight” rating and set a GBX 2,100 ($27.44) target price on shares of Prudential in a research note on Monday, September 30th. HSBC set a GBX 2,250 ($29.40) target price on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Prudential in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 1,882 ($24.59).

Shares of PRU opened at GBX 1,506 ($19.68) on Thursday. Prudential has a fifty-two week low of GBX 1,299.50 ($16.98) and a fifty-two week high of GBX 1,795 ($23.45). The company has a market capitalization of $39.15 billion and a price-to-earnings ratio of 12.19. The firm has a 50-day simple moving average of GBX 1,441.37 and a 200-day simple moving average of GBX 1,588.47. The company has a debt-to-equity ratio of 81.74, a quick ratio of 0.04 and a current ratio of 1.04.

In other news, insider Fields Wicker-Miurin acquired 1,000 shares of Prudential stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average price of GBX 1,381 ($18.05) per share, for a total transaction of £13,810 ($18,045.21). Also, insider James Turner acquired 25,000 shares of Prudential stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of GBX 1,389 ($18.15) per share, with a total value of £347,250 ($453,743.63). In the last 90 days, insiders purchased 26,025 shares of company stock valued at $36,142,741.

About Prudential

Prudential plc, through 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; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

Further Reading: Oversold

Analyst Recommendations for Prudential (LON:PRU)

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