Prudential (LON:PRU) had its price target cut by investment analysts at HSBC from GBX 1,835 ($23.98) to GBX 1,800 ($23.52) in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price would indicate a potential upside of 35.75% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group decreased their price objective on Prudential from GBX 1,949 ($25.47) to GBX 1,616 ($21.12) and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Goldman Sachs Group assumed coverage on Prudential in a report on Tuesday, October 29th. They set a “buy” rating and a GBX 1,560 ($20.38) price objective on the stock. Deutsche Bank downgraded Prudential to a “hold” rating and decreased their price objective for the company from GBX 1,750 ($22.87) to GBX 1,450 ($18.95) in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on Prudential from GBX 1,606 ($20.99) to GBX 1,329 ($17.37) and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada decreased their price objective on Prudential from GBX 1,750 ($22.87) to GBX 1,490 ($19.47) and set a “sector performer” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 1,653.92 ($21.61).
PRU stock opened at GBX 1,326 ($17.33) on Tuesday. The company has a quick ratio of 0.04, a current ratio of 1.04 and a debt-to-equity ratio of 81.74. The business’s 50-day simple moving average is GBX 1,403.94 and its 200 day simple moving average is GBX 1,544.59. The company has a market cap of $33.99 billion and a PE ratio of 10.74. Prudential has a twelve month low of GBX 12.37 ($0.16) and a twelve month high of GBX 1,795 ($23.45).
Prudential Company Profile
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.
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