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

Prudential plc (LON:PRU) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,081.70 and traded as high as GBX 1,153.50. Prudential shares last traded at GBX 1,137.61, with a volume of 6,076,670 shares traded.

Analyst Upgrades and Downgrades

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

Prudential Price Performance

The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The company has a 50 day moving average price of GBX 1,160.72 and a 200 day moving average price of GBX 1,082.44. The firm has a market cap of £28.72 billion, a PE ratio of 8.84, a PEG ratio of 0.40 and a beta of 1.20.

About Prudential

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.