JPMorgan lifted its price target on Prudential on Friday to 1,500p from 1,325p and reiterated its ‘overweight’ rating as it said its analysis suggests there could be a lot more to go for in the shares, despite the near 80% gain in 2025.
Source: Sharecast
The target price increase follows the partial disposal of Prudential’s stake in ICICI Prudential Asset Management in India (IPAMC), JPM said.
"We continue to see a positive fundamental investment thesis in the shares, with a flywheel of strong new business profit growth driving attractive growth in earnings and cash flow, and ultimately capital returns."
At 0930 GMT, the shares were down 0.8% at 1,151p.
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