M&G (LON:MNG) Sets New 52-Week High – Here’s What Happened

M&G plc (LON:MNG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 324.50 and last traded at GBX 323.60, with a volume of 110713563 shares. The stock had previously closed at GBX 321.67.

Analyst Ratings Changes

MNG has been the topic of several research reports. UBS Group lowered shares of 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. The Goldman Sachs Group lifted their target price on shares of M&G from GBX 300 to GBX 328 and gave the company a “buy” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on M&G from GBX 305 to GBX 320 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 265 target price on shares of M&G in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, M&G has a consensus rating of “Hold” and an average target price of GBX 300.83.

M&G Price Performance

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 business’s fifty day simple moving average is GBX 300.83 and its 200 day simple moving average is GBX 276.42. The stock has a market cap of £7.49 billion, a price-to-earnings ratio of -126.28, a price-to-earnings-growth 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.