M&G (OTCMKTS:MGPUF) Stock Price Up 5% – Here’s Why

M&G plc (OTCMKTS:MGPUF)’s stock price rose 5% during mid-day trading on Wednesday . The stock traded as high as $4.4550 and last traded at $4.40. 1,840 shares were traded during trading, a decline of 14% from the average session volume of 2,136 shares. The stock had previously closed at $4.19.

Analyst Ratings Changes

Several research analysts have recently commented on MGPUF shares. The Goldman Sachs Group lowered M&G to a “neutral” rating in a report on Tuesday, April 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of M&G in a research report on Wednesday, April 8th. Finally, Citigroup reissued a “neutral” rating on shares of M&G in a research note on Tuesday, June 9th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

M&G Price Performance

The stock has a 50 day moving average of $4.14 and a 200 day moving average of $4.06.

About M&G

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.