Prudential (LON:PRU) Stock Passes Above 200 Day Moving Average – Should You Sell?

Prudential plc (LON:PRUGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 901.41 ($12.15) and traded as high as GBX 1,042 ($14.05). Prudential shares last traded at GBX 1,036.64 ($13.97), with a volume of 9,852,243 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,150 price target on shares of Prudential in a research note on Wednesday, July 16th. UBS Group reiterated a “buy” rating and issued a GBX 1,200 target price on shares of Prudential in a research note on Friday, August 15th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,350 target price on shares of Prudential in a research report on Monday, September 22nd. Finally, Citigroup lowered their target price on shares of Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating for the company in a research note on Monday, September 1st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Prudential currently has an average rating of “Buy” and a consensus target price of GBX 1,164.40.

Read Our Latest Stock Analysis on Prudential

Prudential Trading Up 0.1%

The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The stock’s 50 day moving average is GBX 995.45 and its two-hundred day moving average is GBX 901.41. The company has a market capitalization of £26.50 billion, a PE ratio of 808.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insider Activity

In other Prudential news, insider Guido Fürer acquired 13,000 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The shares were bought at an average cost of GBX 966 per share, with a total value of £125,580. Corporate insiders own 0.46% of the company’s stock.

About Prudential

(Get Free Report)

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).

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