Could Prudential plc (PUK) Rise Even More? The Stock Had Another Big Increase Today

March 14, 2018 - By Linda Rogers

The stock of Prudential plc (NYSE:PUK) is a huge mover today! The stock increased 5.63% or $2.88 during the last trading session, reaching $53.99. About 505,249 shares traded or 161.78% up from the average. Prudential plc (NYSE:PUK) has risen 20.48% since March 14, 2017 and is uptrending. It has outperformed by 3.78% the S&P500.
The move comes after 8 months positive chart setup for the $69.76 billion company. It was reported on Mar, 14 by We have $57.23 PT which if reached, will make NYSE:PUK worth $4.19 billion more.

Prudential plc (NYSE:PUK) Ratings Coverage

Among 5 analysts covering Prudential Plc (NYSE:PUK), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Prudential Plc had 8 analyst reports since January 15, 2016 according to SRatingsIntel. The company was downgraded on Thursday, October 13 by Societe Generale. The stock has “Neutral” rating by JP Morgan on Friday, March 17. The rating was downgraded by Societe Generale to “Hold” on Tuesday, May 31. The firm has “Outperform” rating given on Monday, January 18 by Macquarie Research. The rating was upgraded by Societe Generale on Wednesday, January 11 to “Hold”. The firm earned “Buy” rating on Tuesday, February 16 by Berenberg. The rating was initiated by Macquarie Research with “Outperform” on Friday, January 15. The firm has “Buy” rating by Goldman Sachs given on Friday, April 21.

More recent Prudential plc (NYSE:PUK) news were published by: which released: “24 Stocks Moving In Wednesday’s Pre-Market Session” on March 14, 2018. Also published the news titled: “29 Stocks Moving In Wednesday’s Mid-Day Session” on March 14, 2018.‘s news article titled: “How Recent Hurricanes And Earthquakes Can Actually Benefit Reinsurance Investors” with publication date: October 17, 2017 was also an interesting one.

Prudential plc, together with its subsidiaries, provides a range of retail financial services and products, and asset management services to individuals and businesses primarily in Asia, the United States, and the United Kingdom. The company has market cap of $69.76 billion. It offers health, disability, critical illness, and accident coverage products; and life insurance products, as well as pension products and annuities. It has a 18.31 P/E ratio. The firm also provides long-term savings and retirement products; fixed index and variable annuities; and institutional products, including guaranteed investment contracts, funding agreements, and medium-term note funding agreements.

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