Prudential (PRU) Receives a Buy from UOB Kay Hian
UOB Kay Hian analyst maintained a Buy rating on Prudential on May 19 and set a price target of HK$142.00.
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In a report released on May 18, Goldman Sachs also maintained a Buy rating on the stock with a HK$151.00 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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