Prudential Public (NYSE:PUK) Hits New 52-Week High – What’s Next?

by · The Markets Daily

Prudential Public Limited Company (NYSE:PUK – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $29.86 and last traded at $29.9260, with a volume of 139820 shares. The stock had previously closed at $29.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PUK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a report on Tuesday, October 14th. Morgan Stanley reiterated an “overweight” rating on shares of Prudential Public in a report on Wednesday, October 29th. UBS Group reissued a “buy” rating on shares of Prudential Public in a research note on Thursday, August 28th. Wall Street Zen lowered Prudential Public from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Monday, September 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on PUK

Prudential Public Stock Performance

The company has a 50 day moving average price of $28.18 and a 200-day moving average price of $26.56.

Hedge Funds Weigh In On Prudential Public

Several hedge funds and other institutional investors have recently modified their holdings of PUK. Cetera Investment Advisers purchased a new stake in Prudential Public in the first quarter worth about $274,000. LPL Financial LLC lifted its stake in shares of Prudential Public by 144.6% in the 1st quarter. LPL Financial LLC now owns 76,542 shares of the financial services provider’s stock valued at $1,646,000 after purchasing an additional 45,248 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Prudential Public by 10.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 102,397 shares of the financial services provider’s stock valued at $2,202,000 after purchasing an additional 9,479 shares during the period. National Bank of Canada FI boosted its position in shares of Prudential Public by 29.0% during the first quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 883 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Prudential Public in the first quarter worth $2,086,000. Hedge funds and other institutional investors own 1.90% of the company’s stock.

About Prudential Public

(Get Free Report)

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.

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