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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

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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