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

M&G plc (LON:MNG)’s share price reached a new 52-week high on Monday . The company traded as high as GBX 344.50 and last traded at GBX 344.48, with a volume of 2834342 shares traded. The stock had previously closed at GBX 342.71.

Analyst Ratings Changes

Several brokerages have issued reports on MNG. UBS Group reissued a “neutral” rating and issued a GBX 300 price objective on shares of M&G in a research note on Tuesday, May 5th. Citigroup increased their price target 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. JPMorgan Chase & Co. raised their price target on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price objective on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a report on Tuesday, April 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, M&G has an average rating of “Hold” and an average price target of GBX 677.86.

M&G Stock Performance

The firm has a 50 day moving average of GBX 318.06 and a 200-day moving average of GBX 304.69. The company has a market cap of £8.13 billion, a P/E ratio of 27.75, a PEG ratio of -2.76 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41.

Insider Buying and Selling at M&G

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