Prudential (NYSE:PRU) has been upgraded from Neutral to Buy in a report by Goldman Sachs today.
- Updated: September 23, 2016
Yesterday Prudential (NYSE:PRU) traded 1.35% higher at $80.14. Prudential’s 50-day average is $77.96 and its two hundred day average is $75.44. With the last close up 7.66% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 747,646 shares of the stock were exchanged, down from an average trading volume of 2,426,320
Goldman Sachs has upgraded Prudential (NYSE:PRU) from Neutral to Buy in a report released on 9/23/2016.
Previously on Monday May 16, 2016, FBR Capital reported on Prudential (NYSE:PRU) increased the target price from $80.00 to $86.00. At the time, this indicated a possible upside of 0.14%.
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Prudential has a 52 week low of $57.19 and a 52 week high of $88.77 with a P/E ratio of 8.34 The company’s market cap is currently $0.
In addition to Goldman Sachs reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $84.88 with 5 firms rating the stock a strong buy, 8 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Prudential (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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