Jefferies Financial Group reissued their buy rating on shares of Prudential (LON:PRU – Free Report) in a research note published on Thursday, Marketbeat reports. They currently have a GBX 1,310 ($17.23) price target on the financial services provider’s stock.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 1,290 ($16.96) price target on shares of Prudential in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reduced their target price on shares of Prudential from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) and set an overweight rating on the stock in a research note on Monday, September 2nd.
View Our Latest Analysis on Prudential
Prudential Stock Down 2.1 %
Prudential Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, October 23rd. Investors of record on Thursday, September 5th will be paid a dividend of $0.07 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 5th. Prudential’s payout ratio is currently 7,083.33%.
Insider Buying and Selling
In other Prudential news, insider Amy Yip bought 4,222 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were purchased at an average cost of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). In other news, insider George David Sartorel purchased 8,000 shares of the stock in a transaction on Thursday, July 4th. The stock was bought at an average price of GBX 725 ($9.53) per share, for a total transaction of £58,000 ($76,265.61). Also, insider Amy Yip purchased 4,222 shares of the stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average price of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). 0.29% of the stock is owned by insiders.
Prudential Company Profile
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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