Prudential’s (PRU) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Prudential (LON:PRU) in a report released on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,290 ($16.36) price target on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on PRU. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 1,350 ($17.13) price objective on shares of Prudential in a research note on Monday. Jefferies Financial Group reissued a buy rating and issued a GBX 1,800 ($22.83) price objective on shares of Prudential in a research note on Wednesday, March 20th. Finally, Barclays reissued an overweight rating and issued a GBX 1,390 ($17.63) price objective on shares of Prudential in a research note on Wednesday, May 1st.

Prudential Stock Performance

Shares of PRU opened at GBX 722 ($9.16) on Tuesday. The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02. The stock has a market capitalization of £19.86 billion, a P/E ratio of 1,473.47, a P/E/G ratio of 0.81 and a beta of 1.26. The company’s fifty day moving average is GBX 748.51 and its two-hundred day moving average is GBX 783.92. Prudential has a 1 year low of GBX 684.73 ($8.69) and a 1 year high of GBX 1,123 ($14.25).

Insiders Place Their Bets

In related news, insider Anil Wadhwani bought 65,016 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of GBX 738 ($9.36) per share, for a total transaction of £479,818.08 ($608,674.46). Insiders own 0.29% of the company’s stock.

About Prudential

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.