Prudential (PRU) Gets a Buy from UBS
UBS analyst Nasib Ahmed maintained a Buy rating on Prudential today and set a price target of p1,400.00.
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Ahmed covers the Financial sector, focusing on stocks such as Prudential, St. James’s Place, and Phoenix Group Holdings. According to TipRanks, Ahmed has an average return of 20.3% and an 87.38% success rate on recommended stocks.
In a report released yesterday, TipRanks – Google also initiated coverage with a Buy rating on the stock with a p1,415.00 price target.
Based on Prudential’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p5.52 million and a net profit of p1.28 thousand. In comparison, last year the company earned a revenue of p4.21 billion and had a net profit of p94.93 million
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRU in relation to earlier this year.
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