Prudential (LON:PRU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Prudential plc (LON:PRU)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,074.86 and traded as high as GBX 1,128.50. Prudential shares last traded at GBX 1,112, with a volume of 3,932,940 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRU. Citigroup upped their price target on Prudential from GBX 1,122 to GBX 1,425 and gave the stock a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price target on shares of Prudential from GBX 1,325 to GBX 1,500 and gave the company an “overweight” rating in a report on Friday, January 9th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,295.

Prudential Price Performance

The firm has a 50-day moving average of GBX 1,159.12 and a 200-day moving average of GBX 1,074.86. The stock has a market cap of £28.56 billion, a PE ratio of 8.79, a PEG ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67.

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.