Prudential (LON:PRU) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Prudential plc (LON:PRU - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 697.22 ($9.28) and traded as high as GBX 823.80 ($10.96). Prudential shares last traded at GBX 815 ($10.84), with a volume of 4,948,166 shares changing hands.

Wall Street Analyst Weigh In

PRU has been the subject of a number of recent research reports. Bank of America reiterated a "buy" rating and set a GBX 1,000 ($13.30) price objective on shares of Prudential in a research note on Thursday, March 20th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 950 ($12.64) price target on shares of Prudential in a report on Thursday, March 20th.

Prudential Trading Up 0.6 %

The stock has a market cap of £27.49 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The company has a 50 day moving average of GBX 782.49 and a two-hundred day moving average of GBX 700.53.

Prudential Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.16 per share. This is a positive change from Prudential's previous dividend of $0.07. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 1.58%. Prudential's dividend payout ratio (DPR) is 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).