Deutsche Bank Increases Prudential (PRU) Price Target to GBX 2,050

Prudential (LON:PRU) had its target price hoisted by Deutsche Bank from GBX 2,000 ($26.74) to GBX 2,050 ($27.41) in a report issued on Thursday. Deutsche Bank currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also commented on the stock. Barclays set a GBX 2,015 ($26.94) price target on shares of Prudential and gave the company a buy rating in a report on Friday, September 8th. Goldman Sachs Group lifted their price objective on shares of Prudential from GBX 2,000 ($26.74) to GBX 2,040 ($27.28) and gave the company a buy rating in a research note on Tuesday, September 12th. Jefferies Group lifted their price objective on shares of Prudential from GBX 1,771 ($23.68) to GBX 2,000 ($26.74) and gave the company a hold rating in a research note on Tuesday, November 7th. Societe Generale lifted their price objective on shares of Prudential from GBX 1,725 ($23.06) to GBX 1,790 ($23.93) and gave the company a hold rating in a research note on Thursday, September 14th. Finally, Citigroup reiterated a buy rating and set a GBX 2,109 ($28.20) price objective on shares of Prudential in a research note on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 2,023.63 ($27.06).

Prudential (PRU) opened at GBX 1,920.50 ($25.68) on Thursday. Prudential has a 1-year low of GBX 1,524 ($20.38) and a 1-year high of GBX 1,934 ($25.86). The company has a market cap of $49,690.00 and a P/E ratio of 1,794.86.

In related news, insider David J. A. Law purchased 2,162 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average price of GBX 1,837 ($24.56) per share, with a total value of £39,715.94 ($53,103.28). Also, insider Anne Richards purchased 21,408 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of GBX 1,833 ($24.51) per share, with a total value of £392,408.64 ($524,680.63). Insiders have bought 23,600 shares of company stock valued at $43,267,308 in the last three months.

TRADEMARK VIOLATION NOTICE: This piece was reported by Equities Focus and is the property of of Equities Focus. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.equitiesfocus.com/2018/01/07/deutsche-bank-increases-prudential-pru-price-target-to-gbx-2050.html.

About Prudential

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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply