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

Shares of M&G plc (LON:MNG) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 354.70 and last traded at GBX 354.70, with a volume of 3675839 shares traded. The stock had previously closed at GBX 354.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price 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. Royal Bank Of Canada boosted their price target on shares of M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research note on Tuesday, April 7th. Citigroup increased their price objective on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 300 target price on shares of M&G in a report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 677.86.

M&G Stock Up 1.0%

The company has a current ratio of 1.92, a quick ratio of 0.39 and a debt-to-equity ratio of 220.41. The stock has a market capitalization of £8.51 billion, a P/E ratio of 29.06, a P/E/G ratio of -2.76 and a beta of 0.94. The business has a 50-day moving average price of GBX 329.28 and a 200 day moving average price of GBX 310.15.

Insider Buying and Selling

In other M&G news, insider Elisabeth Stheeman acquired 3,150 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost 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.