M&G (LON:MNG) Reaches New 52-Week High – What’s Next?

M&G plc (LON:MNG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 349.30 and last traded at GBX 347.70, with a volume of 18188676 shares traded. The stock had previously closed at GBX 346.50.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MNG. JPMorgan Chase & Co. upped their target price on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their price target on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. Citigroup upped their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. 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, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 target price on shares of M&G in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 677.86.

M&G Price 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 simple moving average of GBX 320.68 and a 200-day simple moving average of GBX 305.98. The company has a market cap of £8.26 billion, a price-to-earnings ratio of 28.20, a PEG ratio of -2.76 and a beta of 0.94.

Insider Buying and Selling at M&G

In other M&G news, insider Elisabeth Stheeman acquired 3,150 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 314 per share, with a total value of £9,891. 0.13% of the stock is currently 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.