Prudential plc (NYSE: PUK) is 0.87% higher on its value in year-to-date trading and has touched a low of $18.20 and a high of $34.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PUK stock was last observed hovering at around $27.38 in the last trading session, with the day’s gains setting it 0.34% off its average median price target of $38.74 for the next 12 months. It is also 42.18% off the consensus price target high of $47.94 offered by 27 analysts, but current levels are -10.35% lower than the price target low of $25.12 for the same period.
Currently trading at $27.72, the stock is -5.96% and -1.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 1.24% at the moment leaves the stock 6.39% off its SMA200. PUK registered 7.40% gain for a year compared to 6-month gain of 22.11%. The firm has a 50-day simple moving average (SMA 50) of -$5.26.
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The stock witnessed a 0.04% loss in the last 1 month and extending the period to 3 months gives it a -5.68%, and is -4.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.87% over the month.
Prudential plc (PUK) has around 14681 employees, a market worth around $37.39B and -$8157.00M in sales. Current P/E ratio is 37.97. Distance from 52-week low is 52.27% and -19.35% from its 52-week high.
Prudential plc (PUK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Prudential plc (PUK) is a “Buy”. 27 analysts offering their recommendations for the stock have an average rating of 1.00, where 1 rate it as a Hold and 5 think it is a “Overweight”. 20 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Prudential plc is expected to release its quarterly report on 08/30/2023.The EPS is expected to shrink by -56.30% this year
Prudential plc (PUK) Top Institutional Holders
The shares outstanding are 1.38B, and float is at 1.38B with Short Float at 0.03%.
Prudential plc (PUK) Insider Activity
The most recent transaction is an insider sale by PRUDENTIAL PLC, the company’s 10% Owner. SEC filings show that PRUDENTIAL PLC sold 4,500,000 shares of the company’s common stock on Aug 03 at a price of $27.00 per share for a total of $121.5 million. Following the sale, the insider now owns 7.64 million shares.
Prudential plc disclosed in a document filed with the SEC on Jun 13 that PRUDENTIAL PLC (10% Owner) sold a total of 4,200,000 shares of the company’s common stock. The trade occurred on Jun 13 and was made at $40.79 per share for $171.32 million. Following the transaction, the insider now directly holds 12.14 million shares of the PUK stock.
Prudential plc (PUK): Who are the competitors?
The company’s main competitors (and peers) include Aegon N.V. (AEG) that is trading -14.61% down over the past 12 months and Manulife Financial Corporation (MFC) that is 5.41% higher over the same period.