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

Prudential (LON:PRU)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Thursday, Marketbeat reports. They currently have a GBX 1,310 ($17.23) target price on the financial services provider’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 111.29% from the stock’s current price.

Several other equities research analysts have also recently issued reports on PRU. JPMorgan Chase & Co. reduced their price objective on shares of Prudential from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) and set an “overweight” rating on the stock in a research report on Monday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,290 ($16.96) price target on shares of Prudential in a report on Tuesday, June 25th.

Prudential Stock Down 2.1 %

Shares of PRU opened at GBX 620 ($8.15) on Thursday. The business’s 50 day moving average is GBX 677.14 and its 200 day moving average is GBX 728.33. The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. Prudential has a 12-month low of GBX 613.60 ($8.07) and a 12-month high of GBX 954.80 ($12.55). The company has a market capitalization of £16.93 billion, a PE ratio of 2,583.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.25.

Insider Activity at Prudential

In other Prudential news, insider George David Sartorel purchased 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 4th. The shares were bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). In related news, insider Amy Yip acquired 4,222 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average cost of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). Also, insider George David Sartorel bought 8,000 shares of the company’s stock in a transaction dated Thursday, July 4th. The stock was bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). 0.29% of the stock is currently owned by insiders.

About Prudential

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.