Jefferies Financial Group Reiterates “Buy” Rating for Prudential (LON:PRU)

Prudential (LON:PRU)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They currently have a GBX 1,350 price target on the financial services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 31.39% from the stock’s previous close.

PRU has been the topic of several other reports. UBS Group reiterated a “buy” rating and issued a GBX 1,200 price objective on shares of Prudential in a research report on Friday, August 15th. Citigroup cut their price objective on shares of Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating on the stock in a research report on Monday, September 1st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,150 price objective on shares of Prudential in a research report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,164.40.

Prudential Trading Down 0.2%

Shares of LON:PRU opened at GBX 1,027.50 on Monday. The company has a market cap of £26.24 billion, a PE ratio of 798.37, a P/E/G ratio of 0.40 and a beta of 1.20. The company’s 50-day moving average price is GBX 975.68 and its 200 day moving average price is GBX 883.57. Prudential has a fifty-two week low of GBX 594.80 and a fifty-two week high of GBX 1,048.50. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44.

Insider Activity at Prudential

In other Prudential news, insider Guido Fürer bought 13,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of GBX 966 per share, for a total transaction of £125,580. Company insiders own 0.46% of the company’s stock.

About Prudential

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).