Prudential (NYSE:PUK) PT Lowered to GBX 1,700 at Barclays

Prudential (NYSE:PUK – Get Rating) had its price objective lowered by analysts at Barclays from GBX 1,750 ($21.33) to GBX 1,700 ($20.72) in a research note issued on Thursday, The Fly reports.

Several other research firms have also recently weighed in on PUK. BNP Paribas cut shares of Prudential from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of Prudential from GBX 1,500 ($18.28) to GBX 1,750 ($21.33) in a research report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Prudential from GBX 1,400 ($17.06) to GBX 1,450 ($17.67) in a research report on Tuesday, January 10th. StockNews.com started coverage on shares of Prudential in a research report on Thursday. They set a “sell” rating for the company. Finally, The Goldman Sachs Group upgraded shares of Prudential from a “buy” rating to a “conviction-buy” rating in a research report on Monday, January 16th. Two investment analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Prudential has a consensus rating of “Moderate Buy” and a consensus price target of $1,530.83.

Prudential Stock Down 4.5 %

PUK opened at $24.47 on Thursday. The company has a fifty day moving average of $30.97 and a 200 day moving average of $25.64. Prudential has a fifty-two week low of $18.20 and a fifty-two week high of $34.37.

Institutional Investors Weigh In On Prudential

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Prudential by 14.6% in the 1st quarter. Bank of New York Mellon Corp now owns 807,381 shares of the financial services provider’s stock worth $23,881,000 after buying an additional 102,809 shares during the period. American Century Companies Inc. increased its stake in Prudential by 37.1% in the 1st quarter. American Century Companies Inc. now owns 51,990 shares of the financial services provider’s stock worth $1,538,000 after buying an additional 14,067 shares during the period. US Bancorp DE increased its stake in Prudential by 35.0% in the 1st quarter. US Bancorp DE now owns 18,524 shares of the financial services provider’s stock worth $548,000 after buying an additional 4,801 shares during the period. BlackRock Inc. increased its stake in Prudential by 45.1% in the 1st quarter. BlackRock Inc. now owns 2,417,858 shares of the financial services provider’s stock worth $71,520,000 after buying an additional 751,756 shares during the period. Finally, Sei Investments Co. increased its stake in Prudential by 42.4% in the 1st quarter. Sei Investments Co. now owns 206,600 shares of the financial services provider’s stock worth $6,132,000 after buying an additional 61,500 shares during the period. Institutional investors own 1.93% of the company’s stock.

About Prudential

(Get Rating)

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the Asia and U.S. geographical segments. The Asia segment consists of health and protection, other life insurance, mutual funds, selected personal lines property and casualty insurance, group insurance, and institutional fund management.