M&G (LON:MNG) Reaches New 12-Month High – Here’s What Happened
by Kim Johansen · The Markets DailyM&G plc (LON:MNG – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as GBX 310.40 and last traded at GBX 309.20, with a volume of 38718633 shares trading hands. The stock had previously closed at GBX 306.50.
Analyst Ratings Changes
MNG has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target 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. raised their price target on shares of M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a research report on Friday, November 7th. UBS Group lowered M&G to a “neutral” rating and raised their price objective for the company from GBX 275 to GBX 290 in a report on Wednesday, December 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 265 price target on shares of M&G in a research report on Monday, November 10th. Finally, Berenberg Bank upgraded M&G to a “buy” rating and increased their price objective for the company from GBX 225 to GBX 342 in a report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 289.29.
View Our Latest Stock Analysis on M&G
M&G Trading Up 0.4%
The company’s fifty day simple moving average is GBX 283.13 and its two-hundred day simple moving average is GBX 268.46. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The company has a market capitalization of £7.30 billion, a price-to-earnings ratio of -123.04, 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.