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

Shares of M&G plc (LON:MNG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 326.20 and last traded at GBX 322.40, with a volume of 18029980 shares traded. The stock had previously closed at GBX 320.63.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted 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 objective on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research note on Tuesday, April 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 300 target price on shares of M&G in a research report on Tuesday, May 5th. Finally, Citigroup increased their target price 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, M&G currently has an average rating of “Hold” and a consensus target price of GBX 677.86.

M&G Stock Up 0.6%

The company has a market cap of £7.68 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. 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 stock’s fifty day moving average is GBX 303.68 and its two-hundred day moving average is GBX 297.38.

M&G (LON:MNG) last released its quarterly earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Sell-side analysts predict that M&G plc will post 24.2485207 earnings per share for the current fiscal year.

Insider Activity at M&G

In related news, insider Elisabeth Stheeman bought 3,150 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of GBX 314 per share, for a total transaction 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.