Prudential Public Limited (NYSE:PUK) Given Consensus Recommendation of “Hold” by Brokerages

Prudential Public Limited (NYSE:PUK) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company.

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Prudential Public from a “neutral” rating to a “buy” rating in a report on Monday, June 10th. Zacks Investment Research downgraded shares of Prudential Public from a “hold” rating to a “sell” rating in a report on Wednesday.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Prudential Public by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 909,793 shares of the financial services provider’s stock valued at $32,179,000 after buying an additional 12,892 shares during the period. Bank of Montreal Can boosted its position in Prudential Public by 73.7% in the 1st quarter. Bank of Montreal Can now owns 42,503 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 18,027 shares during the period. Janus Henderson Group PLC boosted its position in Prudential Public by 14.7% in the 1st quarter. Janus Henderson Group PLC now owns 9,199 shares of the financial services provider’s stock valued at $370,000 after buying an additional 1,178 shares during the period. Cornerstone Advisors Inc. boosted its position in Prudential Public by 48.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,361 shares of the financial services provider’s stock valued at $55,000 after buying an additional 444 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Prudential Public by 155.4% in the 1st quarter. CIBC Asset Management Inc now owns 48,859 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 29,732 shares during the period. 1.98% of the stock is owned by hedge funds and other institutional investors.

PUK stock opened at $36.62 on Tuesday. The company has a market cap of $47.69 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.03 and a beta of 1.47. The company has a current ratio of 0.42, a quick ratio of 0.04 and a debt-to-equity ratio of 0.38. Prudential Public has a 12 month low of $31.84 and a 12 month high of $47.63. The firm has a 50-day moving average of $35.68 and a two-hundred day moving average of $41.02.

The business also recently disclosed a dividend, which will be paid on Thursday, October 3rd. Investors of record on Friday, August 23rd will be given a dividend of $0.397 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This is a boost from Prudential Public’s previous dividend of $0.34. Prudential Public’s dividend payout ratio (DPR) is presently 15.99%.

Prudential Public Company Profile

Prudential plc, through its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business; mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

See Also: Why does a company issue an IPO?

Analyst Recommendations for Prudential Public (NYSE:PUK)

Receive News & Ratings for Prudential Public Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Public and related companies with MarketBeat.com's FREE daily email newsletter.