M&G (LON:MNG) Reaches New 12-Month High - What's Next?

Shares of M&G plc (LON:MNG - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 260.40 ($3.50) and last traded at GBX 260.20 ($3.50), with a volume of 7246107 shares traded. The stock had previously closed at GBX 258.60 ($3.48).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of M&G from GBX 230 ($3.09) to GBX 225 ($3.03) and set a "hold" rating on the stock in a research note on Monday, February 24th.

M&G Trading Down 0.7%

The company has a market cap of £6.09 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The firm has a 50-day moving average price of GBX 223.21 and a 200 day moving average price of GBX 210.05. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70.

M&G (LON:MNG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) earnings per share (EPS) for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. As a group, sell-side analysts forecast that M&G plc will post 24.2485207 EPS for the current year.

Insider Transactions at M&G

In related news, insider Clive Adamson acquired 600 shares of M&G stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of GBX 237 ($3.19) per share, for a total transaction of £1,422 ($1,912.32). Insiders own 1.75% 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.