Prudential (LON:PRU) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Prudential plc (LON:PRU) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 932.02 and traded as high as GBX 1,074.50. Prudential shares last traded at GBX 1,066.50, with a volume of 36,144,086 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating and set a GBX 1,200 price target on shares of Prudential in a research report on Friday, August 15th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Prudential in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,350 price target on shares of Prudential in a research report on Monday, September 22nd. Finally, Citigroup reduced their price target on Prudential from GBX 1,142 to GBX 1,122 and set a “buy” rating for the company in a research report on Monday, September 1st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Prudential currently has a consensus rating of “Buy” and a consensus target price 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 50 day simple moving average of GBX 1,016.93 and a 200-day simple moving average of GBX 932.02. The stock has a market cap of £27.07 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insider Transactions at Prudential

In other Prudential news, insider Guido Fürer acquired 13,000 shares of the company’s stock in a transaction on Friday, August 29th. The shares were purchased at an average price of GBX 966 per share, for a total transaction of £125,580. 0.46% of the stock is owned by corporate insiders.

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).