Prudential plc (PRU) Trading Down 1.1%
Prudential plc (LON:PRU) shares traded down 1.1% during mid-day trading on Tuesday . The company traded as low as GBX 1,785 ($23.68) and last traded at GBX 1,788.50 ($23.72). 2,960,611 shares were traded during trading, a decline of 35% from the average session volume of 4,558,080 shares. The stock had previously closed at GBX 1,808 ($23.98).
A number of research analysts have issued reports on the stock. J P Morgan Chase & Co upped their target price on shares of Prudential plc from GBX 1,705 ($22.62) to GBX 1,800 ($23.88) and gave the company a “neutral” rating in a research report on Tuesday, August 1st. S&P Global set a GBX 1,900 ($25.20) target price on shares of Prudential plc and gave the company a “neutral” rating in a research report on Thursday, August 10th. Deutsche Bank AG restated a “buy” rating and set a GBX 2,000 ($26.53) target price on shares of Prudential plc in a research report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) set a GBX 2,000 ($26.53) target price on shares of Prudential plc and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, UBS AG set a GBX 2,200 ($29.18) target price on shares of Prudential plc and gave the company a “buy” rating in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,954.50 ($25.93).
The stock has a 50 day moving average price of GBX 1,785.89 and a 200-day moving average price of GBX 1,763.61. The firm’s market capitalization is GBX 46.25 billion.
The company also recently announced a dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 24th were given a dividend of GBX 14.50 ($0.19) per share. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 24th.
In other news, insider Anthony Nightingale bought 20,000 shares of the stock in a transaction dated Friday, September 29th. The shares were bought at an average cost of GBX 1,788 ($23.72) per share, with a total value of £357,600 ($474,333.47). Insiders have bought 20,031 shares of company stock worth $35,815,855 over the last ninety days.
Prudential plc Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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