Kepler Capital Sticks to Their Buy Rating for Prudential (PRU)
Kepler Capital analyst Batikan Kaya maintained a Buy rating on Prudential on December 9 and set a price target of p1,326.48. The company’s shares closed yesterday at p1,095.00.
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According to TipRanks, Kaya is a 2-star analyst with an average return of 1.5% and a 72.73% success rate. Kaya covers the Financial sector, focusing on stocks such as Helvetia Holding AG, AXA SA, and Swiss Life Holding AG.
Currently, the analyst consensus on Prudential is a Strong Buy with an average price target of p1,295.21, implying a 18.28% upside from current levels. In a report released on December 8, Barclays also reiterated a Buy rating on the stock with a £13.20 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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