M&G (LON:MNG) Hits New 1-Year High Following Analyst Upgrade

M&G plc (LON:MNG) reached a new 52-week high on Wednesday after The Goldman Sachs Group raised their price target on the stock from GBX 300 to GBX 328. The Goldman Sachs Group currently has a buy rating on the stock. M&G traded as high as GBX 303.50 and last traded at GBX 303.40, with a volume of 10279557 shares changing hands. The stock had previously closed at GBX 301.40.

A number of other equities research analysts have also recently weighed in on MNG. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 265 price objective on shares of M&G in a research note on Monday, November 10th. JPMorgan Chase & Co. raised their target price on M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a report on Friday, November 7th. UBS Group lowered shares of M&G to a “neutral” rating and boosted their price target for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Finally, Berenberg Bank raised shares of M&G to a “buy” rating and increased their price target for the stock from GBX 225 to GBX 342 in a research report on Friday, October 10th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 289.29.

M&G Trading Up 0.0%

The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The company’s 50-day moving average price is GBX 281.60 and its 200-day moving average price is GBX 267.62. The firm has a market capitalization of £7.24 billion, a PE ratio of -122.04, a PEG ratio of -2.76 and a beta of 1.47.

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.