M&G (LON:MNG) Reaches New 1-Year High – What’s Next?

Shares of M&G plc (LON:MNG) reached a new 52-week high on Tuesday . The stock traded as high as GBX 337.80 and last traded at GBX 337.70, with a volume of 2237443 shares traded. The stock had previously closed at GBX 332.90.

Analyst Upgrades and Downgrades

MNG has been the topic of several research analyst reports. Royal Bank Of Canada upped their target price on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research report on Tuesday, April 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. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 677.86.

M&G Stock Performance

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 has a 50 day moving average price of GBX 312.57 and a 200 day moving average price of GBX 301.91. The company has a market capitalization of £8.05 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of -2.76 and a beta of 0.95.

Insider Transactions at M&G

In other news, insider Elisabeth Stheeman purchased 3,150 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 314 per share, for a total transaction of £9,891. Insiders own 0.13% of the company’s stock.

About M&G

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.