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Prudential (PRU) Receives a Buy from CICC

Tipranks - Tipranks - Tue Mar 24, 1:10AM CDT

In a report released on March 19, from CICC maintained a Buy rating on Prudential, with a price target of HK$151.35. The company’s shares closed last Friday at p1,068.00.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Prudential with a p1,382.77 average price target, which is a 29.47% upside from current levels. In a report released on March 19, DBS also maintained a Buy rating on the stock with a HK$138.00 price target.

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Based on Prudential’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p11.46 billion and a net profit of p2.01 billion. In comparison, last year the company earned a revenue of p3.93 billion and had a net profit of p2.19 billion

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