CICC Remains a Buy on Prudential (PRU)
In a report released yesterday, from CICC maintained a Buy rating on Prudential, with a price target of HK$151.35. The company’s shares closed today at p1,171.50.
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Prudential has an analyst consensus of Strong Buy, with a price target consensus of p1,356.24, representing a 15.77% upside. In a report released today, 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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