Todays Report: Today: Prudential PLC (PUK) Stock Rating Reaffirm by Morgan Stanley

Today: Prudential PLC (PUK) Stock Rating Reaffirm by Morgan Stanley

Prudential PLC (NYSE:PUK)‘s stock had its “buy” rating reissued by investment analysts at Morgan Stanley in a research note issued on Monday.

Several other analysts also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Prudential PLC in a research note on Tuesday, September 6th. Zacks Investment Research raised shares of Prudential PLC from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Tuesday, September 13th. Bank of America Corp. set a $42.40 price target on shares of Prudential PLC and gave the company a “buy” rating in a research note on Wednesday, August 10th. Societe Generale downgraded shares of Prudential PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Finally, Deutsche Bank AG raised shares of Prudential PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Three analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. Prudential PLC presently has a consensus rating of “Hold” and an average price target of $44.63.

Shares of Prudential PLC (NYSE:PUK) traded down 1.63% during mid-day trading on Monday, reaching $38.08. The company’s stock had a trading volume of 134,295 shares. The firm’s 50 day moving average is $35.36 and its 200 day moving average is $35.96. The firm has a market cap of $48.89 billion, a PE ratio of 21.61 and a beta of 1.67. Prudential PLC has a one year low of $29.14 and a one year high of $47.30.

A number of institutional investors have recently modified their holdings of PUK. Boothbay Fund Management LLC acquired a new position in shares of Prudential PLC during the first quarter worth approximately $218,000. Raymond James Trust N.A. raised its position in Prudential PLC by 6.4% in the second quarter. Raymond James Trust N.A. now owns 15,328 shares of the company’s stock valued at $521,000 after buying an additional 920 shares in the last quarter. NEXT Financial Group Inc raised its position in Prudential PLC by 100.2% in the second quarter. NEXT Financial Group Inc now owns 3,796 shares of the company’s stock valued at $129,000 after buying an additional 1,900 shares in the last quarter. Founders Financial Securities LLC purchased a new position in Prudential PLC during the second quarter valued at about $704,000. Finally, Capstone Asset Management Co. raised its position in Prudential PLC by 54.1% in the second quarter. Capstone Asset Management Co. now owns 288,022 shares of the company’s stock valued at $9,796,000 after buying an additional 101,090 shares in the last quarter. 1.49% of the stock is owned by institutional investors.

Prudential PLC Company Profile

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