Barclays Sticks to Its Buy Rating for Prudential (PRU)
In a report released today, Larissa Van Deventer from Barclays maintained a Buy rating on Prudential, with a price target of £13.20.
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Van Deventer covers the Financial sector, focusing on stocks such as Prudential, Legal & General, and Aviva plc. According to TipRanks, Van Deventer has an average return of 8.7% and a 59.26% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Prudential with a p1,287.70 average 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.
Read More on GB:PRU:
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- Prudential Cancels 316,603 Shares After Latest Buyback Transaction
- Prudential Launches USD 1.2 Billion Share Buyback as Part of Expanded Capital Return Plan
- Prudential Updates Remuneration Committee Mandate to Strengthen Pay Governance
- Prudential Sets Up Board-Level Sustainability Committee to Oversee Group ESG Strategy
- Prudential Tightens Audit Committee Mandate to Bolster Financial Oversight
