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Barclays Sticks to Their Buy Rating for Prudential (PRU)

Tipranks - Tipranks - Wed May 13, 5:48AM CDT

Barclays analyst Larissa Van Deventer maintained a Buy rating on Prudential today and set a price target of £14.00.

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According to TipRanks, Van Deventer is a 4-star analyst with an average return of 6.1% and a 54.76% success rate. Van Deventer covers the Financial sector, focusing on stocks such as Prudential, Standard Life plc., and Aviva plc.

In a report released on April 29, DBS also maintained a Buy rating on the stock with a HK$138.00 price target.

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Based on Prudential’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p11.34 billion and a net profit of p2.01 billion. In comparison, last year the company earned a revenue of p6.98 billion and had a net profit of p1.68 billion

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRU in relation to earlier this year.

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