M&G (LON:MNG) Sets New 1-Year High – Here’s What Happened

M&G plc (LON:MNG)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 326.20 and last traded at GBX 322.40, with a volume of 18029980 shares. The stock had previously closed at GBX 320.63.

Wall Street Analyst Weigh In

MNG has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price target on shares of M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 215 target price on shares of M&G in a report on Thursday, May 7th. Citigroup upped their price target on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on shares of M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, UBS Group restated a “neutral” rating and issued a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 677.86.

M&G Stock Up 0.6%

The company has a market cap of £7.68 billion, a PE ratio of 26.21, a P/E/G ratio of -2.76 and a beta of 0.95. The stock has a 50-day moving average of GBX 303.68 and a 200-day moving average of GBX 297.38. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41.

M&G (LON:MNG) last posted its earnings results on Thursday, March 12th. The company reported GBX 12.60 EPS for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Sell-side analysts predict that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

Insider Buying and Selling at M&G

In other M&G news, insider Elisabeth Stheeman purchased 3,150 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 314 per share, for a total transaction of £9,891. 0.13% of the stock is currently owned by insiders.

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.