Free Trial

Prudential (LON:PRU) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Prudential logo with Financial Services background

Shares of Prudential plc (LON:PRU - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 770.21 ($10.47) and traded as high as GBX 932.80 ($12.68). Prudential shares last traded at GBX 912.40 ($12.40), with a volume of 4,655,415 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PRU shares. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,000 ($13.59) price target on shares of Prudential in a report on Monday, May 19th. Bank of America restated a "buy" rating and set a GBX 1,000 ($13.59) price objective on shares of Prudential in a research report on Thursday, March 20th.

Read Our Latest Report on PRU

Prudential Trading Down 0.0%

The business has a 50-day moving average price of GBX 872.59 and a 200-day moving average price of GBX 770.21. 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 market capitalization of £30.01 billion, a P/E ratio of 45.56, a PEG ratio of 0.40 and a beta of 1.20.

Insiders Place Their Bets

In other news, insider George David Sartorel acquired 1,000 shares of Prudential stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average price of GBX 879 ($11.95) per share, for a total transaction of £8,790 ($11,946.18). 0.29% of the stock is owned by corporate insiders.

Prudential Company Profile

(Get Free Report)

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).

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Prudential Right Now?

Before you consider Prudential, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prudential wasn't on the list.

While Prudential currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines