M&G (LON:MNG) Sets New 12-Month High – Here’s What Happened

M&G plc (LON:MNG)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 365.40 and last traded at GBX 362.66, with a volume of 897859000 shares changing hands. The stock had previously closed at GBX 362.40.

Analyst Upgrades and Downgrades

MNG has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and issued a GBX 300 price target on shares of M&G in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research note on Thursday, May 7th. Citigroup lifted their target price on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their target price on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 677.86.

M&G Stock Up 0.1%

The company has a debt-to-equity ratio of 220.41, a quick ratio of 0.39 and a current ratio of 1.92. The company’s fifty day moving average price is GBX 337.36 and its 200-day moving average price is GBX 314.09. The stock has a market cap of £8.69 billion, a P/E ratio of 29.65, a price-to-earnings-growth ratio of -2.76 and a beta of 0.94.

Insiders Place Their Bets

In other news, insider Elisabeth Stheeman acquired 3,150 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of GBX 314 per share, with a total value of £9,891. 0.13% of the stock is owned by company insiders.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.