Today: The Prudential plc (PRU) Stock Rating Upgrade by Deutsche Bank AG

The Prudential plc (PRU) Stock Rating Upgrade by Deutsche Bank AG

Prudential plc (LON:PRU) was upgraded by equities researchers at Deutsche Bank AG to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a GBX 1,590 ($19.87) price objective on the stock, up from their prior price objective of GBX 1,385 ($17.30). Deutsche Bank AG’s price target would suggest a potential upside of 2.58% from the stock’s current price.

PRU has been the topic of several other reports. Societe Generale lowered shares of Prudential plc to a “sell” rating and set a GBX 1,250 ($15.62) price objective on the stock. in a report on Thursday, October 13th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and issued a GBX 1,750 ($21.86) price objective on shares of Prudential plc in a report on Wednesday, August 17th. Morgan Stanley set a GBX 1,685 ($21.05) price objective on shares of Prudential plc and gave the company a “buy” rating in a report on Monday, September 5th. Barclays PLC restated an “overweight” rating and issued a GBX 1,648 ($20.59) price objective on shares of Prudential plc in a report on Thursday, September 8th. Finally, Canaccord Genuity boosted their price objective on shares of Prudential plc from GBX 1,425 ($17.80) to GBX 1,515 ($18.93) and gave the company a “buy” rating in a report on Wednesday, September 7th. 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’s stock. Prudential plc currently has an average rating of “Buy” and a consensus target price of GBX 1,605.09 ($20.05).

Prudential plc (LON:PRU) traded down 0.61% during mid-day trading on Wednesday, hitting GBX 1549.67. 2,799,977 shares of the stock were exchanged. Prudential plc has a 12-month low of GBX 1,085.00 and a 12-month high of GBX 1,576.00. The firm’s market cap is GBX 39.79 billion. The company has a 50 day moving average of GBX 1,430.38 and a 200 day moving average of GBX 1,357.04.

In related news, insider Lord J. Adair Turner purchased 2,000 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was acquired at an average price of GBX 1,398 ($17.47) per share, for a total transaction of £27,960 ($34,932.53). Also, insider Tony Paul Wilkey sold 47,182 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of GBX 1,401 ($17.50), for a total value of £661,019.82 ($825,861.84).

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