J.P. Morgan Remains a Buy on Prudential (PRU)
In a report released today, Farooq Hanif from J.P. Morgan reiterated a Buy rating on Prudential, with a price target of p1,500.00.
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Hanif covers the Financial sector, focusing on stocks such as Prudential, Assicurazioni Generali S.p.A., and AXA SA. According to TipRanks, Hanif has an average return of 8.5% and a 67.81% success rate on recommended stocks.
In a report released on January 7, Barclays also maintained 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.
Read More on GB:PRU:
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- Prudential plc price target raised to 1,500 GBp from 1,325 GBp at JPMorgan
- Prudential price target raised to 1,270 GBp from 1,150 GBp at Morgan Stanley
- Prudential Cancels 331,000 Shares After Latest Buyback Tranche
- Prudential Cancels 327,116 Shares After Latest Buyback Transaction
- Prudential plc resumed with a Buy at Deutsche Bank
