M&G (LON:MNG) Hits New 1-Year High – Should You Buy?

M&G plc (LON:MNGGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 333.40 and last traded at GBX 330.80, with a volume of 296258938 shares changing hands. The stock had previously closed at GBX 331.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price target on shares of M&G in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price objective on shares of M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, May 8th. 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. Citigroup lifted their target price on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada boosted their target price on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research report 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 MarketBeat.com, M&G presently has an average rating of “Hold” and a consensus target price of GBX 677.86.

Check Out Our Latest Research Report on M&G

M&G Stock Down 0.3%

The business has a fifty day moving average of GBX 307.75 and a 200 day moving average of GBX 299.37. The company has a market capitalization of £7.86 billion, a PE ratio of 26.83, a PEG ratio of -2.76 and a beta of 0.95. The company has a current ratio of 1.92, a quick ratio of 0.39 and a debt-to-equity ratio of 220.41.

Insider Transactions at M&G

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

About M&G

(Get Free Report)

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.

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