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Analysts Offer Insights on Financial Companies: Prudential (GB:PRU), Barclays (GB:BARC) and Macquarie Group Limited (OtherMCQEF)

Analysts have been eager to weigh in on the Financial sector with new ratings on Prudential (GB:PRUResearch Report), Barclays (GB:BARCResearch Report) and Macquarie Group Limited (MCQEFResearch Report).

Prudential (GB:PRU)

Barclays analyst Larissa Van Deventer assigned a Buy rating to Prudential yesterday and set a price target of p1640.00. The company’s shares closed last Wednesday at p820.40, close to its 52-week low of p682.80.

According to TipRanks.com, Deventer is a 1-star analyst with an average return of -2.8% and a 37.5% success rate. Deventer covers the Financial sector, focusing on stocks such as Old Mutual Ltd., M&G Plc, and Aviva.

Currently, the analyst consensus on Prudential is a Strong Buy with an average price target of p1437.29, which is a 75.2% upside from current levels. In a report issued on February 19, Deutsche Bank also maintained a Buy rating on the stock with a p1390.00 price target.

See the top stocks recommended by analysts >>

Barclays (GB:BARC)

Bank of America Securities analyst Rohith Chandrarajan maintained a Sell rating on Barclays yesterday and set a price target of p160.00. The company’s shares closed last Wednesday at p165.18.

Chandrarajan has an average return of 3.2% when recommending Barclays.

According to TipRanks.com, Chandrarajan is ranked #6041 out of 8726 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barclays with a p216.43 average price target.

Macquarie Group Limited (MCQEF)

In a report issued on February 13, Andrew Triggs from J.P. Morgan maintained a Buy rating on Macquarie Group Limited, with a price target of A$190.00. The company’s shares closed last Tuesday at $121.00.

According to TipRanks.com, Triggs is a 3-star analyst with an average return of 3.1% and a 51.7% success rate. Triggs covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Bendigo & Adelaide Bank Ltd., and ANZ Group Holdings.

Macquarie Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $121.42, representing a 0.3% upside. In a report issued on February 9, Morgan Stanley also maintained a Buy rating on the stock with a A$202.00 price target.

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