Prudential (LON:PRU) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Prudential (LON:PRU) in a research note released on Friday, June 28th, Digital Look reports.

Other equities analysts have also recently issued reports about the stock. HSBC decreased their price target on shares of Canada Goose from C$62.00 to C$55.00 and set a buy rating for the company in a research note on Monday, June 3rd. Deutsche Bank reaffirmed a buy rating and set a GBX 430 ($5.62) price target on shares of in a research note on Monday, June 17th. Barclays raised their price target on shares of Brown-Forman from $51.00 to $60.00 and gave the stock an equal weight rating in a research note on Monday, June 10th. Credit Suisse Group cut their price objective on from GBX 145 ($1.89) to GBX 105 ($1.37) and set a neutral rating for the company in a report on Friday, June 21st. Finally, UBS Group cut their price objective on PVH from $159.00 to $144.00 and set a buy rating for the company in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 2,061 ($26.93).

Prudential stock traded down GBX 4 ($0.05) during trading hours on Friday, reaching GBX 1,715.50 ($22.42). 2,829,363 shares of the company’s stock traded hands, compared to its average volume of 4,740,000. The business’s 50 day moving average price is GBX 1,682.36. Prudential has a fifty-two week low of GBX 1,325 ($17.31) and a fifty-two week high of GBX 1,843 ($24.08). The company has a debt-to-equity ratio of 113.46, a current ratio of 1.17 and a quick ratio of 0.14. The company has a market cap of $44.60 billion and a price-to-earnings ratio of 14.69.

In related news, insider Fields Wicker-Miurin acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of GBX 1,655 ($21.63) per share, with a total value of £24,825 ($32,438.26). In the last three months, insiders bought 1,522 shares of company stock valued at $2,520,065.

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.

Read More: How does a reverse stock split work?

Analyst Recommendations for Prudential (LON:PRU)

Receive News & Ratings for Prudential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential and related companies with's FREE daily email newsletter.