M&G (LON:MNG) Sets New 1-Year High – Should You Buy?

M&G plc (LON:MNG)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 360.50 and last traded at GBX 359.40, with a volume of 5927652 shares changing hands. The stock had previously closed at GBX 356.

Analyst Ratings Changes

A number of research analysts recently issued reports on MNG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Citigroup increased their price objective on shares of M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their price objective on shares of M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a GBX 300 target price on shares of M&G in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada upped their target price on shares of M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, M&G currently has an average rating of “Hold” and an average price target of GBX 677.86.

M&G Stock Performance

The stock has a market capitalization of £8.55 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of -2.76 and a beta of 0.94. The company has a debt-to-equity ratio of 220.41, a current ratio of 1.92 and a quick ratio of 0.39. The stock has a 50-day moving average of GBX 333.66 and a 200 day moving average of GBX 312.23.

Insider Activity

In other M&G news, insider Elisabeth Stheeman purchased 3,150 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 314 per share, for a total transaction of £9,891. Company 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.