Prudential (LON:PRU) insider John W. Foley acquired 10 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of GBX 1,825 ($25.21) per share, with a total value of £182.50 ($252.14).
Shares of LON:PRU remained flat at $GBX 1,778.50 ($24.57) during trading on Monday. Prudential has a 12 month low of GBX 1,612.14 ($22.27) and a 12 month high of GBX 1,992.50 ($27.53).
Prudential (LON:PRU) last released its earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 139 ($1.92) by GBX 6.20 ($0.09). Prudential had a return on equity of 19.94% and a net margin of 3.50%. The business had revenue of GBX 4,400.50 billion for the quarter.
The firm also recently disclosed a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, March 29th will be issued a dividend of GBX 32.50 ($0.45) per share. This represents a yield of 1.7%. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Prudential’s previous dividend of $14.50.
PRU has been the subject of several recent analyst reports. Cfra set a GBX 2,100 ($29.01) target price on Prudential and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Credit Suisse Group boosted their target price on Prudential from GBX 2,180 ($30.12) to GBX 2,235 ($30.88) and gave the stock an “outperform” rating in a research note on Thursday, February 1st. JPMorgan Chase set a GBX 1,800 ($24.87) target price on Prudential and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Barclays restated an “overweight” rating and set a GBX 2,161 ($29.86) target price on shares of Prudential in a research note on Monday, December 18th. Finally, Deutsche Bank boosted their target price on Prudential from GBX 2,000 ($27.63) to GBX 2,050 ($28.32) and gave the stock a “buy” rating in a research note on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 2,119.11 ($29.28).
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Prudential Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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