Prudential plc (LON:PRU) was upgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Friday. The firm currently has a GBX 1,705 ($21.06) target price on the stock, up from their previous target price of GBX 1,450 ($17.91). JPMorgan Chase & Co.’s price target indicates a potential downside of 3.59% from the stock’s current price.
A number of other research analysts have also recently weighed in on the company. Morgan Stanley set a GBX 2,095 ($25.87) price target on Prudential plc and gave the company a “buy” rating in a research report on Thursday, March 16th. Goldman Sachs Group Inc restated a “conviction-buy” rating and issued a GBX 1,775 ($21.92) price target on shares of Prudential plc in a research report on Wednesday, March 15th. Deutsche Bank AG restated a “buy” rating and issued a GBX 2,000 ($24.70) price target (up previously from GBX 1,775 ($21.92)) on shares of Prudential plc in a research report on Wednesday, March 15th. S&P Global set a GBX 1,800 ($22.23) price target on Prudential plc and gave the company a “neutral” rating in a research report on Tuesday, March 14th. Finally, Shore Capital restated a “buy” rating on shares of Prudential plc in a research report on Tuesday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,753.37 ($21.65).
Prudential plc (LON:PRU) opened at 1768.50 on Friday. The firm has a 50 day moving average of GBX 1,631.54 and a 200-day moving average of GBX 1,522.44. The stock’s market cap is GBX 45.36 billion. Prudential plc has a 52-week low of GBX 1,096.00 and a 52-week high of GBX 1,801.50.
The firm also recently declared a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, March 30th will be paid a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. This is a positive change from Prudential plc’s previous dividend of $12.93. The ex-dividend date of this dividend is Thursday, March 30th.
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Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company has operations in Asia, the United States and the United Kingdom. Its segments include Insurance operations, including Asia, the United States (Jackson National Life Insurance Company (Jackson)) and the United Kingdom, and Asset management operations, including Eastspring Investments, the United States broker-dealer and asset management, M&G and Prudential Capital.
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