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

Prudential plc (LON:PRU) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,091.78 and traded as high as GBX 1,104. Prudential shares last traded at GBX 1,095.50, with a volume of 48,044,258 shares trading hands.

Analysts Set New Price Targets

Several research firms have weighed in on PRU. Citigroup raised their target price 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. JPMorgan Chase & Co. increased their price target on shares of Prudential from GBX 1,325 to GBX 1,500 and gave the company an “overweight” rating in a research report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Prudential presently has a consensus rating of “Buy” and an average target price of GBX 1,295.

Prudential Trading Up 0.0%

The company has a debt-to-equity ratio of 29.39, a current ratio of 1.05 and a quick ratio of 0.67. The business has a fifty day moving average of GBX 1,144.49 and a 200-day moving average of GBX 1,091.78. The stock has a market capitalization of £27.59 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92.

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.