Prudential (NYSE:PUK) PT Raised to GBX 1,585 at Barclays

Prudential (NYSE:PUKGet Rating) had its price target increased by Barclays from GBX 1,576 ($18.64) to GBX 1,585 ($18.74) in a report published on Tuesday, The Fly reports.

A number of other research analysts have also recently commented on PUK. Sanford C. Bernstein initiated coverage on Prudential in a research note on Thursday, September 15th. They issued an outperform rating for the company. JPMorgan Chase & Co. increased their price target on Prudential from GBX 1,380 ($16.32) to GBX 1,450 ($17.15) in a research note on Friday, September 23rd. StockNews.com lowered Prudential from a hold rating to a sell rating in a research report on Friday, November 11th. Societe Generale lowered their target price on Prudential from GBX 1,350 ($15.96) to GBX 1,220 ($14.43) in a research report on Thursday, November 10th. Finally, Morgan Stanley lowered their target price on Prudential from GBX 1,687 ($19.95) to GBX 1,380 ($16.32) in a research report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Prudential currently has an average rating of Moderate Buy and an average target price of $1,465.83.

Prudential Trading Down 0.2 %

Shares of PUK opened at $22.70 on Tuesday. Prudential has a 52 week low of $18.20 and a 52 week high of $38.66. The stock has a fifty day moving average of $20.88 and a 200-day moving average of $22.89.

Institutional Trading of Prudential

A number of large investors have recently bought and sold shares of the business. Balyasny Asset Management LLC acquired a new stake in Prudential during the 3rd quarter worth about $282,000. Quantamental Technologies LLC acquired a new stake in Prudential during the 3rd quarter worth about $409,000. Engineers Gate Manager LP acquired a new stake in Prudential during the 3rd quarter worth about $203,000. Ethic Inc. grew its holdings in Prudential by 1.9% during the 3rd quarter. Ethic Inc. now owns 47,299 shares of the financial services provider’s stock worth $942,000 after acquiring an additional 874 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Prudential by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 933,298 shares of the financial services provider’s stock worth $18,592,000 after acquiring an additional 22,431 shares during the period. 1.96% of the stock is currently owned by institutional investors and hedge funds.

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 savings products, such as participating, linked, and other traditional products. The company also provides insurance against common critical illnesses, including cancer, stroke, and heart attack; and tropical disease protection, such as dengue, malaria, and measles.

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