Prudential (LON:PRU) Shares Pass Above 200-Day Moving Average - Time to Sell?

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 changing hands.

Analyst Ratings Changes

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

Prudential Stock Down 0.8%

The stock has a 50-day moving average of GBX 913.85 and a two-hundred day moving average of GBX 816.82. The company has a market cap of £31.66 billion, a P/E ratio of 48.08, a P/E/G 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.

Insiders Place Their Bets

In other news, insider George David Sartorel bought 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The stock was bought at an average price of GBX 879 ($11.82) per share, for a total transaction of £8,790 ($11,822.46). 0.29% of the stock is owned by 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).