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

Prudential plc (LON:PRU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 683.40 ($8.95) and traded as high as GBX 773.20 ($10.12). Prudential shares last traded at GBX 727.40 ($9.52), with a volume of 11,843,010 shares traded.

Wall Street Analyst Weigh In

PRU has been the subject of several research reports. Bank of America reissued a “buy” rating and issued a GBX 1,000 ($13.09) price objective on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 950 ($12.43) price target on shares of Prudential in a report on Thursday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,188 ($15.55).

Prudential Stock Up 0.6 %

The firm has a market capitalization of £24.08 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The business has a 50 day moving average of GBX 745.77 and a 200 day moving average of GBX 683.73. 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 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.16 per share. This represents a dividend yield of 1.58%. This is an increase from Prudential’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, March 27th. Prudential’s dividend payout ratio (DPR) is presently 84.92%.

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).