Analyst Andrew Sinclair of Bank of America Securities reiterated a Buy rating on Prudential, boosting the price target to p1,300.00.
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Andrew Sinclair has given his Buy rating due to a combination of factors that highlight Prudential’s promising growth trajectory and financial health. The company has demonstrated consistent double-digit growth across key metrics, which is a strong indicator of its potential for future success. This growth has led Sinclair to increase the price objective for Prudential’s stock from 1200p to 1300p, reflecting confidence in the company’s organic expansion.
Moreover, Prudential’s commitment to capital return is another attractive aspect, with significant repurchase plans and an anticipated 15% compound annual growth rate in dividends. These factors, combined with Prudential being one of the top picks in its sector and included in the Europe 1 stock list, reinforce Sinclair’s positive outlook. The stock’s valuation at 13x 2027E earnings further supports the Buy recommendation, suggesting that Prudential is well-positioned for continued growth and investor returns.
According to TipRanks, Sinclair is ranked #2931 out of 10027 analysts.
In another report released on September 23, Barclays also maintained a Buy rating on the stock with a £12.20 price target.