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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Citigroup increased their price objective on Prudential from GBX 1,122 to GBX 1,425 and gave the company a “buy” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price on Prudential from GBX 1,325 to GBX 1,500 and gave the stock an “overweight” rating in a report on Friday, January 9th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 1,295.

Prudential Stock Performance

The company has a quick ratio of 0.67, a current ratio of 1.05 and a debt-to-equity ratio of 29.39. The stock’s fifty day moving average is GBX 1,144.49 and its two-hundred day moving average is GBX 1,091.78. The firm has a market capitalization of £27.59 billion, a price-to-earnings ratio of 8.51, a P/E/G 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.