M&G (LON:MNG) Shares Up 0.8% – Still a Buy?

M&G plc (LON:MNG) rose 0.8% during mid-day trading on Tuesday . The company traded as high as GBX 223.80 ($2.91) and last traded at GBX 223.20 ($2.90). Approximately 788,831,688 shares changed hands during mid-day trading, an increase of 1,765% from the average daily volume of 42,305,922 shares. The stock had previously closed at GBX 221.40 ($2.88).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on M&G from GBX 230 ($2.99) to GBX 225 ($2.93) and set a “hold” rating for the company in a research report on Monday, February 24th.

M&G Stock Up 0.8 %

The firm’s fifty day moving average is GBX 208.31 and its two-hundred day moving average is GBX 204.26. The firm has a market cap of £5.32 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39.

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.