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Home / Stocks and Markets at Lows / Prudential (PRU.L) 25-11-19

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

Prudential (PRU.L) 25-11-19

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 1322.5p (at time of writing). A return to previous highs would represent a rise of 35%.
  • The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Shares -26% from 12-month highs; +3% from 12 month lows.

Latest News

19 Nov:  HSBC reiterates its buy rating on Prudential (PRU) and reduced the target price to 1800p (from 1835p).

31 Oct:  Societe Generale reiterates its sell rating on Prudential (PRU) and reduced the target price to 1200p (from 1300p).

29 Oct:  Evercore reiterates its outperform rating on Prudential (PRU) and reduced the target price to 1600p (from 1850p).

29 Oct:  Goldman Sachs today initiates coverage of Prudential (PRU) with a buy rating and target price of 1560p.

24 Oct:  RBC Capital Markets reiterates its sector performer rating on Prudential (PRU) and reduced the target price to 1490p (from 1750p).

23 Oct:  HSBC reiterates its buy rating on Prudential (PRU) and reduced the target price to 1835p (from 2250p).

23 Oct:  Barclays Capital reiterates its overweight rating on Prudential (PRU) and reduced the target price to 1696p (from 2088p).

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

 

Click to enlarge

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