Prudential (LON:PRU) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Prudential plc (LON:PRU)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,095.53 and traded as high as GBX 1,097.50. Prudential shares last traded at GBX 1,096.50, with a volume of 8,869,094 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on shares of Prudential from GBX 1,450 to GBX 1,480 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Prudential presently has a consensus rating of “Buy” and an average price target of GBX 1,379.

Prudential Trading Down 1.7%

The company has a market capitalization of £27.84 billion, a PE ratio of 7.27, a P/E/G ratio of 0.40 and a beta of 0.90. The stock has a fifty day simple moving average of GBX 1,039.45 and a 200-day simple moving average of GBX 1,095.35.

Insider Activity

In other Prudential news, insider Douglas Flint bought 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average price of GBX 986 per share, for a total transaction of £118,320. Also, insider Anil Wadhwani purchased 36 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of GBX 1,139 per share, with a total value of £410.04. Insiders have bought a total of 24,536 shares of company stock worth $23,860,504 in the last three months. Corporate insiders own 0.48% of the company’s stock.

Prudential Company Profile

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). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts.