Macquarie reaffirmed their outperform rating on shares of Prudential plc (LON:PRU) in a research note released on Tuesday morning. The firm currently has a GBX 1,877 ($23.62) target price on the financial services provider’s stock.

Several other equities research analysts have also recently issued reports on PRU. Shore Capital reiterated a buy rating on shares of Prudential plc in a report on Tuesday, March 14th. Panmure Gordon lifted their price objective on Prudential plc from GBX 1,850 ($23.29) to GBX 2,061 ($25.94) and gave the stock a buy rating in a report on Monday, March 20th. Barclays PLC set a GBX 1,844 ($23.21) price objective on Prudential plc and gave the stock a buy rating in a report on Tuesday, February 7th. Goldman Sachs Group Inc set a GBX 1,775 ($22.34) price objective on Prudential plc and gave the stock a buy rating in a report on Wednesday, November 23rd. Finally, Canaccord Genuity lifted their price objective on Prudential plc from GBX 1,700 ($21.40) to GBX 1,900 ($23.91) and gave the stock a buy rating in a report on Friday, March 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen 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 1,797.89 ($22.63).

Prudential plc (LON:PRU) opened at 1640.50 on Tuesday. The firm’s 50 day moving average price is GBX 1,681.82 and its 200-day moving average price is GBX 1,569.34. The company’s market capitalization is GBX 42.17 billion. Prudential plc has a 12-month low of GBX 1,096.00 and a 12-month high of GBX 1,801.50.

COPYRIGHT VIOLATION WARNING: This story was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at http://www.mareainformativa.com/macquarie-reafirma-superar-a-la-clasificacion-para-el-prudential-plc-pru/108587/.

The firm also recently announced a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, March 30th will be issued a GBX 30.57 ($0.38) dividend. This represents a yield of 1.78%. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from Prudential plc’s previous dividend of $12.93.

In related news, insider Tony Paul Wilkey sold 147,537 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of GBX 1,663 ($20.93), for a total value of £2,453,540.31 ($3,088,156.46). Also, insider John W. Foley sold 22,807 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of GBX 1,663 ($20.93), for a total transaction of £379,280.41 ($477,382.52). Insiders purchased 34 shares of company stock worth $55,326 in the last three months.

About Prudential plc

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.

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