Prudential (LON:PRU) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Prudential plc (LON:PRU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 717.95 ($9.66) and traded as high as GBX 841.20 ($11.32). Prudential shares last traded at GBX 832.88 ($11.21), with a volume of 3,908,437 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on PRU shares. Bank of America reaffirmed a "buy" rating and issued a GBX 1,000 ($13.46) target price on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,000 ($13.46) target price on shares of Prudential in a research note on Monday, May 19th.

Prudential Price Performance

The company has a 50 day moving average of GBX 807.70 and a 200 day moving average of GBX 723.21. 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 stock has a market capitalization of £27.79 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 0.40 and a beta of 1.20.

Prudential Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Thursday, March 27th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 27th. This is an increase from Prudential's previous dividend of $0.07. This represents a dividend yield of 1.58%. Prudential's payout ratio is currently 84.92%.

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).