Prudential (PRU) Gets a Buy from Barclays
In a report released yesterday, Larissa Van Deventer from Barclays reiterated a Buy rating on Prudential, with 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 6.4% and a 56.40% success rate. Van Deventer covers the Financial sector, focusing on stocks such as Prudential, Aviva plc, and Standard Life plc.
In a report released on May 15, Morgan Stanley also maintained a Buy rating on the stock with a p1,400.00 price target.
Based on Prudential’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p15.25 billion and a net profit of p2.71 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.
Read More on GB:PRU:
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- Prudential Takes Controlling Stake in Bharti Life to Reposition India Business
- Prudential plc price target lowered to 1,400 GBp at Morgan Stanley
- Prudential Adds Scrip Dividend Shares to LSE and Halts Certain Block Listings
- Prudential Executives Increase Stakes via Employee Share Purchase Plan
- Prudential to List 5.7 Million New Shares in London for Scrip Dividend
