Prudential (NYSE:PUK) Price Target Cut to GBX 1,440

Posted by on Jul 14th, 2023

Prudential (NYSE:PUK – Get Free Report) had its price target dropped by research analysts at UBS Group from GBX 1,590 ($20.46) to GBX 1,440 ($18.53) in a report released on Wednesday, FlyOnTheWall reports.

Several other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Prudential from GBX 1,750 ($22.51) to GBX 1,850 ($23.80) in a research report on Thursday, March 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Prudential from GBX 1,460 ($18.78) to GBX 1,550 ($19.94) in a research report on Monday, April 24th. Barclays dropped their price target on shares of Prudential from GBX 1,750 ($22.51) to GBX 1,700 ($21.87) in a research report on Thursday, March 16th. Finally, StockNews.com cut shares of Prudential from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,545.00.

Prudential Stock Up 2.8 %

Shares of NYSE PUK opened at $28.39 on Wednesday. Prudential has a fifty-two week low of $18.20 and a fifty-two week high of $34.37. The firm’s 50-day simple moving average is $28.32 and its 200 day simple moving average is $29.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.04 and a current ratio of 0.04.

Institutional Trading of Prudential

Several institutional investors and hedge funds have recently bought and sold shares of PUK. Bank of New York Mellon Corp raised its holdings in Prudential by 14.6% during the 1st quarter. Bank of New York Mellon Corp now owns 807,381 shares of the financial services provider’s stock worth $23,881,000 after buying an additional 102,809 shares during the period. American Century Companies Inc. grew its stake in Prudential by 37.1% during the 1st quarter. American Century Companies Inc. now owns 51,990 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 14,067 shares in the last quarter. US Bancorp DE grew its stake in Prudential by 35.0% during the 1st quarter. US Bancorp DE now owns 18,524 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 4,801 shares in the last quarter. BlackRock Inc. grew its stake in Prudential by 45.1% during the 1st quarter. BlackRock Inc. now owns 2,417,858 shares of the financial services provider’s stock valued at $71,520,000 after acquiring an additional 751,756 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Prudential by 42.4% during the 1st quarter. Sei Investments Co. now owns 206,600 shares of the financial services provider’s stock valued at $6,132,000 after acquiring an additional 61,500 shares in the last quarter. Institutional investors and hedge funds own 1.83% of the company’s stock.

About Prudential

(Get Free Report)

Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.

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