Prudential (LON:PRU) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Prudential plc (LON:PRU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 710.60 ($9.49) and traded as high as GBX 871.80 ($11.64). Prudential shares last traded at GBX 866.40 ($11.57), with a volume of 8,792,786 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PRU. Bank of America reaffirmed a “buy” rating and set a GBX 1,000 ($13.36) price target on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 950 ($12.69) price target on shares of Prudential in a research report on Thursday, March 20th.

Prudential Price Performance

The company has a current ratio of 1.86, a quick ratio of 0.67 and a debt-to-equity ratio of 24.44. The stock has a market capitalization of £28.24 billion, a price-to-earnings ratio of 42.88, a PEG ratio of 0.40 and a beta of 1.20. The stock has a 50-day moving average price of GBX 797.49 and a 200 day moving average price of GBX 710.60.

Prudential Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, March 27th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Prudential’s previous dividend of $0.07. This represents a yield of 1.58%. Prudential’s dividend payout ratio (DPR) is currently 84.92%.

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).