M&G plc (LON:MNG – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 337.80 and last traded at GBX 337.70, with a volume of 2237443 shares changing hands. The stock had previously closed at GBX 332.90.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 target price on shares of M&G in a report on Thursday, May 7th. UBS Group reissued a “neutral” rating and set a GBX 300 price objective on shares of M&G in a report on Tuesday, May 5th. Citigroup increased 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. Royal Bank Of Canada raised their target price on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, M&G has an average rating of “Hold” and a consensus price target of GBX 677.86.
M&G Stock Performance
Insider Transactions at M&G
In other news, insider Elisabeth Stheeman acquired 3,150 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of GBX 314 per share, for a total transaction of £9,891. Insiders own 0.13% of the company’s stock.
About M&G
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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