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FBR & Co. covered Prudential Financial (NYSE:PRU), raising its target price to $86.00 today

Just yesterday Prudential Financial (NYSE:PRU) traded 0.09% higher at $0.00. PRU’s 50-day average is $81.09 and its two hundred day average is $76.73. With the last stock price close down 10.14% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 2,121,289 shares of PRU changing hands under the typical 2,372,680

Prudential Financial (NYSE:PRU) had its stock price target increased to $86.00 by FBR & Co. in a report released 10/18/2016. The upped price target implies persistent performance compared to the company's previous stock price.

Performance Chart

Prudential Financial (NYSE:PRU)

Prudential Financial has a 52 week low of $57.19 and a 52 week high of $88.77 with a P/E ratio of 8.68 The company’s market cap is currently $0.

In addition to FBR & Co. reporting its stock price target, a total of 16 brokers have issued a research note on the company. The consensus target price is $84.88 with 5 brokers rating the stock a strong buy, eight brokerages rating the company a buy, seven brokerages rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Prudential Financial (NYSE:PRU)

Prudential Financial, Inc. is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company's divisions include U.S. Retirement Solutions and Investment Management Division; U.S. Individual Life and Group Insurance Division, and International Insurance Division. The U.S. Retirement Solutions and Investment Management division consists of its Individual Annuities, Retirement and Asset Management segments. The U.S. Individual Life and Group Insurance division conducts its business through the Individual Life and Group Insurance segments. The International Insurance division conducts its business through the International Insurance segment. The Company also has corporate and other operations, which include corporate items and initiatives that are not allocated to its business segments and divested businesses.

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