Prudential (LON:PRU) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Prudential plc (LON:PRU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,034.18 and traded as high as GBX 1,186. Prudential shares last traded at GBX 1,182.50, with a volume of 4,664,830 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PRU shares. JPMorgan Chase & Co. boosted their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,350 price target on shares of Prudential in a research note on Monday, September 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 1,234.40.

Prudential Price Performance

The stock has a market cap of £29.92 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The business has a 50-day simple moving average of GBX 1,115.95 and a 200 day simple moving average of GBX 1,035.08. The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44.

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.