Prudential (LON:PRU) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Prudential's stock crossed above its 200-day moving average during trading, reaching a high of GBX 951.20 ($12.64) before closing at GBX 950.40 ($12.63) with a strong trading volume of 7,548,306 shares.
• Analysts from JPMorgan Chase & Co. maintained an "overweight" rating on Prudential, setting a price target of GBX 1,150 ($15.28) for the shares.
• Insider transactions showed that George David Sartorel bought 1,000 shares at an average price of GBX 879 ($11.68), indicating confidence in the company's direction.

Prudential plc (LON:PRU - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 808.38 ($10.87) and traded as high as GBX 951.20 ($12.79). Prudential shares last traded at GBX 950.40 ($12.78), with a volume of 7,548,306 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,150 ($15.47) price objective on shares of Prudential in a report on Wednesday, July 16th.

Prudential Trading Down 0.0%

The company's fifty day moving average price is GBX 911.50 and its two-hundred day moving average price is GBX 814.70. 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 company has a market cap of £31.93 billion, a price-to-earnings ratio of 48.48, a price-to-earnings-growth ratio of 0.40 and a beta of 1.20.

Insiders Place Their Bets

In related news, insider George David Sartorel acquired 1,000 shares of the stock in a transaction on Thursday, June 19th. The stock was purchased at an average price of GBX 879 ($11.82) per share, for a total transaction of £8,790 ($11,820.87). 0.29% of the stock is owned by corporate insiders.

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).