JP Morgan Downgrades Prudential Public Limited Company (ADR) to Underweight

Brokerage firm JP Morgan Downgrades its rating on Prudential Public Limited Company (ADR)(NYSE:PUK). The shares have been rated Underweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Jul 5, 2016.

In a different note, On May 31, 2016, Societe Generale said it Downgrades its rating on Prudential Public Limited Company (ADR). The shares have been rated ‘Hold’ by the firm.

Prudential Public Limited Company (ADR) (PUK) made into the market gainers list on Fridays trading session with the shares advancing 3.56% or 1.09 points. Due to strong positive momentum, the stock ended at $31.67, which is also near the day’s high of $32.06. The stock began the session at $32.04 and the volume stood at 12,13,369 shares. The 52-week high of the shares is $51.26 and the 52 week low is $29.14. The company has a current market capitalization of $40,735 M and it has 1,28,62,27,480 shares in outstanding.

Prudential PLC (Prudential) is an international financial services group with operations in Asia the United States and the United Kingdom. The Company provides insurance and financial services directly and through its subsidiaries and affiliates across the world. Its operating segments include Insurance operations and Asset management operations. The Insurance operations segment includes operations in Asia United States (Jackson) and United Kingdom. The Asset management operations segment include Eastspring Investments US broker-dealer and asset management (including Curian) and M&G (including Prudential Capita). Prudential provides savings protection and retirement products. Jackson is the life insurance company providing retirement savings and income solutions. Eastspring Investments manages investments for Asia the United Kingdom and the United States life companies. M&G is an investment-led business that manages money on behalf of individual and institutional investors.

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