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

Prudential plc (LON:PRU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,012.01 and traded as high as GBX 1,155.50. Prudential shares last traded at GBX 1,152.50, with a volume of 3,184,362 shares traded.

Wall Street Analysts Forecast Growth

PRU has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Prudential in a research note on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,350 target price on shares of Prudential in a research report on Monday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,189.40.

Prudential Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44. The firm has a market capitalization of £29.04 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.40 and a beta of 1.20. The company has a fifty day moving average price of GBX 1,089.30 and a two-hundred day moving average price of GBX 1,012.93.

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.