Prudential Financial (NYSE:PRU) : Currently there are 7 street experts covering Prudential Financial (NYSE:PRU) stock. The most bullish and bearish price target for the stock is $91 and $78 respectively for the short term. The average price target of all the analysts comes to $85.29. The estimated standard deviation from the target is $4.92.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, FBR Capital maintains its rating on Prudential Financial (NYSE:PRU).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, FBR Capital raises the new price target from $80 per share to $86 per share. The rating by the firm was issued on May 16, 2016.
Prudential Financial (NYSE:PRU): stock turned positive on Thursday. Though the stock opened at $75.38, the bulls momentum made the stock top out at $76.97 level for the day. The stock recorded a low of $75.3 and closed the trading day at $76.95, in the green by 3.94%. The total traded volume for the day was 2,905,621. The stock had closed at $74.03 in the previous days trading.
The company shares have dropped -17.50% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $92.60 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $76.09 and the 200 Day Moving Average price is recorded at $74.05. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Prudential Financial Inc, Scovanner Douglas A, had purchased 7,400 shares in a transaction dated on February 16, 2016. The transaction was executed at $62.56 per share with total amount equaling $462,944.
Prudential Financial, Inc. is a financial services company. The Company, through its subsidiaries and affiliates, provides a arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions, containing six segments, and the Companys corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management, U.S. Individual Life and Group Insurance, and International Insurance. The Companys investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.