M&G (LON:MNG) Reaches New 52-Week High – Should You Buy?

M&G plc (LON:MNG) hit a new 52-week high on Monday . The company traded as high as GBX 285.90 and last traded at GBX 285.68, with a volume of 2981488 shares traded. The stock had previously closed at GBX 283.90.

Analyst Upgrades and Downgrades

MNG has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 265 target price on shares of M&G in a research note on Monday, November 10th. UBS Group downgraded M&G to a “neutral” rating and raised their price target for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Berenberg Bank raised shares of M&G to a “buy” rating and lifted their price objective for the stock from GBX 225 to GBX 342 in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 282.83.

M&G Stock Performance

The company has a market cap of £6.78 billion, a P/E ratio of -114.27, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The stock has a 50 day moving average price of GBX 270.74 and a two-hundred day moving average price of GBX 262.64. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70.

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.