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

M&G plc (LON:MNG)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 333.40 and last traded at GBX 330.80, with a volume of 296258938 shares. The stock had previously closed at GBX 331.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MNG shares. UBS Group reaffirmed a “neutral” rating and issued a GBX 300 price target on shares of M&G in a report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Citigroup boosted their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. 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 report on Friday, May 8th. Finally, Royal Bank Of Canada raised their target price on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 677.86.

M&G Stock Performance

The firm’s 50 day moving average price is GBX 307.75 and its two-hundred day moving average price is GBX 299.37. 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 firm has a market cap of £7.86 billion, a PE ratio of 26.83, a PEG ratio of -2.76 and a beta of 0.95.

Insiders Place Their Bets

In other M&G news, insider Elisabeth Stheeman acquired 3,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of GBX 314 per share, for a total transaction of £9,891. 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.