Prudential (LON:PRU) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Prudential plc (LON:PRU)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,068.94 and traded as high as GBX 1,187.50. Prudential shares last traded at GBX 1,161.50, with a volume of 8,035,389 shares changing hands.

Wall Street Analyst Weigh In

PRU has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of Prudential from GBX 1,122 to GBX 1,425 and gave the stock a “buy” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their price target on Prudential from GBX 1,325 to GBX 1,500 and gave the company an “overweight” rating in a research note on Friday, January 9th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 1,295.

Prudential Stock Down 2.5%

The firm’s 50-day moving average price is GBX 1,157.13 and its two-hundred day moving average price is GBX 1,068.94. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The firm has a market cap of £28.60 billion, a PE ratio of 8.80, a P/E/G ratio of 0.40 and a beta of 1.20.

Prudential Company Profile

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.