JPMorgan Chase & Co. Raises Prudential (PRU) Price Target to GBX 1,558

Prudential (LON:PRU) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from GBX 1,522 ($19.89) to GBX 1,558 ($20.36) in a research note issued on Tuesday, February 5th. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 2.99% from the stock’s previous close.

A number of other research firms also recently weighed in on PRU. UBS Group restated a “buy” rating on shares of Prudential in a research report on Wednesday, November 14th. Shore Capital reissued an “under review” rating on shares of Prudential in a research note on Friday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of Prudential in a research note on Thursday, November 15th. Barclays reissued an “overweight” rating and issued a GBX 2,163 ($28.26) target price on shares of Prudential in a report on Monday, November 19th. Finally, Deutsche Bank dropped their target price on Prudential from GBX 2,275 ($29.73) to GBX 2,100 ($27.44) and set a “buy” rating on the stock in a report on Monday, November 19th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 2,099.77 ($27.44).

LON:PRU traded up GBX 16 ($0.21) during trading hours on Tuesday, hitting GBX 1,606 ($20.99). 4,628,914 shares of the company traded hands, compared to its average volume of 4,740,000. Prudential has a one year low of GBX 1,612.14 ($21.07) and a one year high of GBX 1,992.50 ($26.04).

In other Prudential news, insider Fields Wicker-Miurin purchased 1,000 shares of the stock in a transaction dated Friday, December 14th. The shares were purchased at an average cost of GBX 1,398 ($18.27) per share, with a total value of £13,980 ($18,267.35). Over the last ninety days, insiders have bought 1,027 shares of company stock worth $1,437,684.

Prudential Company Profile

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

See Also: Institutional Investors

Analyst Recommendations for Prudential (LON:PRU)

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