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

Shares of M&G plc (LON:MNG) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 284.20 and last traded at GBX 283.40, with a volume of 2464125 shares. The stock had previously closed at GBX 283.30.

Wall Street Analyst Weigh In

MNG has been the topic of several research reports. Berenberg Bank upgraded shares of M&G to a “buy” rating and raised their target price for the stock from GBX 225 to GBX 342 in a report on Friday, October 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 265 price target on shares of M&G in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. upped their price objective on M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 280.33.

M&G Price Performance

The firm has a 50 day moving average price of GBX 269.67 and a 200 day moving average price of GBX 262.14. The stock has a market capitalization of £6.73 billion, a PE ratio of -113.56, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70.

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.