Prudential (NYSE:PUK) Price Target Cut to GBX 1,500 by Analysts at JPMorgan Chase & Co.

Prudential (NYSE:PUK – Get Free Report) had its target price cut by investment analysts at JPMorgan Chase & Co. from GBX 1,630 ($20.19) to GBX 1,500 ($18.58) in a report issued on Friday, FlyOnTheWall reports.

PUK has been the topic of several other reports. BNP Paribas raised Prudential from an “underperform” rating to a “neutral” rating in a report on Monday, September 11th. StockNews.com initiated coverage on Prudential in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley decreased their target price on Prudential from GBX 1,542 ($19.10) to GBX 1,510 ($18.70) in a report on Thursday, July 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Prudential from GBX 1,550 ($19.20) to GBX 1,540 ($19.08) in a report on Wednesday, August 23rd. Finally, Barclays raised their target price on Prudential from GBX 1,575 ($19.51) to GBX 1,610 ($19.94) in a report on Thursday, September 7th.

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Prudential Stock Down 1.2 %

NYSE PUK opened at $22.29 on Friday. The business’s fifty day moving average price is $25.24 and its 200-day moving average price is $27.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.04 and a quick ratio of 0.04. Prudential has a 1-year low of $18.20 and a 1-year high of $34.37.

Institutional Investors Weigh In On Prudential

Institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in Prudential by 51.6% in the 4th quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock worth $27,000 after buying an additional 332 shares in the last quarter. Lindbrook Capital LLC increased its stake in Prudential by 58.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,011 shares of the financial services provider’s stock worth $28,000 after buying an additional 372 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Prudential by 53.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider’s stock worth $30,000 after buying an additional 379 shares in the last quarter. Parallel Advisors LLC increased its stake in Prudential by 65.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,098 shares of the financial services provider’s stock worth $31,000 after buying an additional 435 shares in the last quarter. Finally, BOKF NA purchased a new stake in Prudential in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About Prudential

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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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