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

Prudential plc (LON:PRU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 862.23 ($11.68) and traded as high as GBX 984.20 ($13.33). Prudential shares last traded at GBX 982.40 ($13.31), with a volume of 2,825,523 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PRU shares. Citigroup cut their target price on Prudential from GBX 1,142 to GBX 1,122 and set a "buy" rating on the stock in a research report on Monday, September 1st. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,150 target price on shares of Prudential in a research report on Wednesday, July 16th. Finally, UBS Group reaffirmed a "buy" rating and set a GBX 1,200 target price on shares of Prudential in a research report on Friday, August 15th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Prudential has a consensus rating of "Buy" and an average price target of GBX 1,118.

Prudential Stock Up 0.4%

The stock has a fifty day moving average of GBX 952.48 and a 200 day moving average of GBX 862.23. The firm has a market capitalization of £25.20 billion, a P/E ratio of 766.74, 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 current ratio of 1.86 and a quick ratio of 0.67.

Insiders Place Their Bets

In other Prudential news, insider Guido Fürer purchased 13,000 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of GBX 966 per share, for a total transaction of £125,580. Also, insider George David Sartorel purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average price of GBX 879 per share, for a total transaction of £8,790. Company insiders own 0.46% of the company's stock.

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).

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