M&G (LON:MNG) Hits New 52-Week High – Time to Buy?
by Sarita Garza · The Markets DailyM&G plc (LON:MNG – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 326.20 and last traded at GBX 322.40, with a volume of 18029980 shares changing hands. The stock had previously closed at GBX 320.63.
Wall Street Analyst Weigh In
MNG has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a report on Friday, May 8th. Citigroup boosted their price target on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price target 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, UBS Group restated a “neutral” rating and issued a GBX 300 price target on shares of M&G in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 677.86.
Read Our Latest Stock Report on MNG
M&G Trading Up 0.0%
The company has a market capitalization of £7.73 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of -2.76 and a beta of 0.95. The business has a fifty day moving average price of GBX 305.24 and a 200 day moving average price of GBX 298.18. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41.
Insider Activity
In related news, insider Elisabeth Stheeman bought 3,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of GBX 314 per share, with a total value of £9,891. Corporate 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.