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Barclays Reaffirms Their Buy Rating on Prudential (PRU)

Tipranks - Tipranks - Thu Feb 5, 1:38AM CST

Barclays analyst Larissa Van Deventer maintained a Buy rating on Prudential today and set a price target of £13.20.

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According to TipRanks, Van Deventer is a 4-star analyst with an average return of 8.8% and a 59.69% success rate. Van Deventer covers the Financial sector, focusing on stocks such as Legal & General, Prudential, and St. James’s Place.

In a report released yesterday, UBS also maintained a Buy rating on the stock with a p1,400.00 price target.

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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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