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Home / Stocks and Markets at Lows / Prudential (PRU.L) 06-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Prudential (PRU.L) 06-03-20

Shares in Prudential (PRU.L) have fallen dramatically from recent highs of 1790p. Will it continue, or is this an opportunity to pick up a bargain?

 

  • Now trading at 1213.5p (at time of writing). A return to previous highs would represent a rise of 47%.
  • This stock is one of the most significant fallers in the period.
  • Is the trend your friend, or is a bounce imminent?
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -32% from 12-month highs; +-3% from 12 month lows.

Latest News

26 Feb:  Deutsche Bank has upgraded its rating on Prudential (PRU) to buy (from hold) and increased the target price to 1600p (from 1500p).

25 Feb:  Prudential, the insurance group,  announced that it would begin dialogue with Third Point, the activist investor,  after it called for the breakup of the firm.

14 Feb:  JP Morgan Cazenove reiterates its neutral rating on Prudential (PRU) and increased the target price to 1425p (from 1323p).

13 Feb:  Eastspring Investments, the Asian asset management unit of Prudential, has completed the takeover of 50.1% of Thanachart Fund Management.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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