M&G (OTCMKTS:MGPUF) Stock Price Up 2.4% – What’s Next?

M&G plc (OTCMKTS:MGPUF) shares rose 2.4% during mid-day trading on Thursday . The company traded as high as $4.29 and last traded at $4.29. Approximately 510 shares traded hands during trading, a decline of 84% from the average daily volume of 3,101 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

Separately, UBS Group downgraded shares of M&G to a “neutral” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

M&G Trading Up 2.4%

The stock has a fifty day moving average of $3.91 and a two-hundred day moving average of $3.65.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.