Todays Report: Today, Prudential plc (PRU) Receives Outperform Rating from Macquarie

Today, Prudential plc (PRU) Receives Outperform Rating from Macquarie

Macquarie restated their outperform rating on shares of Prudential plc (LON:PRU) in a report released on Wednesday. Macquarie currently has a GBX 1,683 ($20.88) price target on the stock.

Several other analysts also recently commented on PRU. Panmure Gordon decreased their target price on shares of Prudential plc from GBX 1,891 ($23.46) to GBX 1,545 ($19.17) and set a buy rating for the company in a research report on Wednesday, August 3rd. Canaccord Genuity boosted their target price on shares of Prudential plc from GBX 1,425 ($17.68) to GBX 1,515 ($18.79) and gave the stock a buy rating in a research report on Wednesday, September 7th. Morgan Stanley set a GBX 1,685 ($20.90) target price on shares of Prudential plc and gave the stock a buy rating in a research report on Monday, September 5th. HSBC boosted their target price on shares of Prudential plc from GBX 1,570 ($19.48) to GBX 1,680 ($20.84) and gave the stock a buy rating in a research report on Wednesday, September 14th. Finally, Shore Capital reissued a buy rating on shares of Prudential plc in a research report on Thursday, September 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 1,605.09 ($19.91).

Prudential plc (LON:PRU) opened at 1537.00 on Wednesday. The firm’s market capitalization is GBX 39.47 billion. Prudential plc has a one year low of GBX 1,085.00 and a one year high of GBX 1,576.00. The firm’s 50-day moving average is GBX 1,433.29 and its 200 day moving average is GBX 1,359.45.

In other news, insider Lord J. Adair Turner bought 2,000 shares of the stock in a transaction dated Thursday, September 29th. The shares were acquired at an average price of GBX 1,398 ($17.34) per share, with a total value of £27,960 ($34,685.52). Also, insider Tony Paul Wilkey sold 559 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of GBX 1,421 ($17.63), for a total transaction of £7,943.39 ($9,854.10).

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