M&G (LON:MNG) Sets New 1-Year High – Still a Buy?

Shares of M&G plc (LON:MNG) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 260.40 ($3.51) and last traded at GBX 260.20 ($3.50), with a volume of 7246107 shares traded. The stock had previously closed at GBX 258.60 ($3.48).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of M&G from GBX 230 ($3.10) to GBX 225 ($3.03) and set a “hold” rating for the company in a report on Monday, February 24th.

M&G Trading Up 1.2%

The firm has a market cap of £6.21 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The business has a 50-day moving average of GBX 221.73 and a 200-day moving average of GBX 209.67.

M&G (LON:MNG) last posted its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) earnings per share for the quarter. M&G had a net margin of 1.85% and a return on equity of 4.31%. Research analysts anticipate that M&G plc will post 24.2485207 EPS for the current year.

Insider Transactions at M&G

In other news, insider Clive Adamson acquired 600 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of GBX 237 ($3.19) per share, with a total value of £1,422 ($1,914.89). Company insiders own 1.75% of the company’s stock.

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.