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

Prudential plc (LON:PRU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 687.52 ($9.12) and traded as high as GBX 794.80 ($10.55). Prudential shares last traded at GBX 787.40 ($10.45), with a volume of 5,244,618 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America reiterated a "buy" rating and set a GBX 1,000 ($13.27) price objective on shares of Prudential in a research report on Thursday, March 20th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 950 ($12.61) price target on shares of Prudential in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 1,188 ($15.77).

Prudential Price Performance

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 company has a market capitalization of £26.33 billion, a P/E ratio of 39.98, a P/E/G ratio of 0.40 and a beta of 1.20. The firm's fifty day moving average is GBX 760.02 and its 200 day moving average is GBX 689.15.

Prudential Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.16 per share. This is a boost from Prudential's previous dividend of $0.07. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 1.58%. Prudential's dividend 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).