Prudential (LON:PRU) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Prudential plc (LON:PRU) 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.

Analysts Set New Price Targets

PRU has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Citigroup upped their price target 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. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 1,295.

Prudential Stock Performance

The stock has a fifty day moving average of GBX 1,160.72 and a 200-day moving average of GBX 1,081.70. The firm has a market capitalization of £28.72 billion, a P/E ratio of 8.84, a P/E/G ratio of 0.40 and a beta of 1.20. The company has a quick ratio of 0.67, a current ratio of 1.86 and a debt-to-equity ratio of 24.44.

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.