Prudential (PRU.L) has dropped from highs of 1790p. Will it continue, or could you pick up a bargain?

• Now trading at 1348.76p (at time of writing). A return to period highs would mean a rise of 32%.
• These shares are amongst the most significant fallers in the period.
• Markets constantly over-react to adverse news. Traders should consider whether the fall is reasonable, or is this another over-reaction?
• Bargain hunters should be mindful of the underlying fundamentals.
• Shares -24% from 12-month highs; +1% from 12 month lows.

Latest News

10:30:  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).

23 Oct:  JP Morgan Cazenove reiterates its neutral rating on Prudential (PRU) and reduced the target price to 1329p (from 1606p).

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

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