Prudential (LON:PRU) Rating Reaffirmed
Prudential (LON:PRU) just had their share rating of a ‘”Outperform”‘ issued by research analysts at Bernstein, who now has a GBX 1830 target price on the 37.73B GBP market cap company or a 23.32% upside potential. This key information was released in recent note on Monday morning.
From a total of 20 analysts covering Prudential PLC (LON:PRU) stock, 18 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is GBX 1985 while the lowest target price is GBX 1386. The mean of all analyst targets is GBX 1764.8 with a 18.69% above today’s (GBX 1467) stock price. Prudential PLC was the topic of 61 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 10 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 1730 target share price in a report from a December 7. RBC Capital Markets maintained PRU stock in a recent report from December 10 with “Sector Perform” rating. Bernstein maintained the rating on December 7. Bernstein has a “Outperform” rating and a GBX 1830 price target on shares. Finally, Societe Generale maintained the stock with “Buy” rating in a report issued on a December 7.
Approximately 773,575 shares of stock traded hands. Prudential plc (LON:PRU) has declined 9.71% since May 15, 2015 and is downtrending. It has underperformed by 5.30% the S&P500.
The overall sentiment of institutions has decreased to 1.16 in Q2 2015. Its down 0.06, from 1.22 in 2015Q2. The ratio worsened, as 70 institutions have sold all the shares of Prudential plc that they owned while 233 funds have taken shares off the table. 58 funds have purchased shares for the first time while 292 added to their positions. These institutions now hold 238.58 million shares or 12.65% less than the 273.13 million shares they owned in 2015Q2.
The Fund Meiji Yasuda Life Insurance Co currently is holding shares equating to 13.13% of its total portfolio in Prudential plc representing a total of 1.03 million shares. Another fund,Prosiris Capital Management Lp, is holding a total of 189,200 shares equating to 7.98% of their holdings. Additionally, Capital Returns Management Llc has a 190,600 share stake in Prudential plc which represents 6.11% of their total portfolio. The Fund, Nippon Life Insurance Co, based out of Japan, has also built up a stake in the stock, which represents a total of 5.21% of their total portfolio. Finally Lumbard & Kellner Llc, a fund which is based in the state of New Hampshire reported a total holdings of 71,638 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Prudential plc have witnessed 0 insider purchases, and a total of 2 insider sales equating to a net activity of approximately $1.09 million . Pelletier Stephen sold 10,690 shares worth approximately $950,662. Lambert Richard F sold 1,561 shares worth approximately $142,348. Blount Susan L sold 26,465 shares worth approximately $2.38 million. Axel Robert sold 996 shares worth approximately $88,026. The company insider Falzon Robert sold 3,681 shares worth $318,075.
Prudential PLC is an international financial services group with activities in Asia, the United States and the United Kingdom. The company has a market cap of 37.73 billion GBP. The Firm provides insurance and financial services directly and through its subsidiaries and affiliates across the world. It has 14.93 P/E ratio. The Company’s operating divisions include Insurance activities and Asset management operations.
According to Zacks Investment Research, “Prudential Financial, Inc. is one of the largest financial services institutions in the United States. They provide a wide range of insurance, investment management and other financial products and services. The Prudential name and Rock logo are among the most widely recognized in the United States. They conduct their principal businesses through four divisions: U.S. Consumer, Employee Benefits, International and Asset Management. They also conduct other activities in Corporate and Other operations.”