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

by · The Markets Daily

M&G plc (LON:MNG – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 300.20 and last traded at GBX 300.04, with a volume of 4158151 shares. The stock had previously closed at GBX 293.60.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MNG shares. JPMorgan Chase & Co. upped their price objective on M&G from GBX 305 to GBX 315 and gave the company an “overweight” rating in a research note on Friday, November 7th. Berenberg Bank raised M&G to a “buy” rating and boosted their price target for the company from GBX 225 to GBX 342 in a research note on Friday, October 10th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 265 price target on shares of M&G in a research report on Monday, November 10th. Finally, UBS Group lowered M&G to a “neutral” rating and increased their price objective for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Two equities research 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 an average rating of “Hold” and an average target price of GBX 282.83.

Check Out Our Latest Stock Report on M&G

M&G Trading Up 1.8%

The company has a 50-day simple moving average of GBX 277.91 and a 200-day simple moving average of GBX 265.78. 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 stock has a market cap of £7.09 billion, a P/E ratio of -119.60, a P/E/G ratio of -2.76 and a beta of 1.47.

M&G Company Profile

(Get Free Report)

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.

See Also