M&G (LON:MNG) Reaches New 1-Year High - Here's What Happened

Key Points

• M&G plc's stock reached a new 52-week high, trading at GBX 269.70 ($3.63) during mid-day trading.
• Analysts have mixed ratings for M&G, with two Buy ratings and four Hold ratings, and an average price target of GBX 255.
• The company has a relatively high debt-to-equity ratio of 218.70, indicating significant leverage in its capital structure.

M&G plc (LON:MNG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 269.70 ($3.63) and last traded at GBX 268.81 ($3.62), with a volume of 3534823 shares traded. The stock had previously closed at GBX 268 ($3.61).

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNG. UBS Group reissued a "buy" rating and issued a GBX 275 target price on shares of M&G in a research report on Friday, August 15th. Royal Bank Of Canada raised their target price on M&G from GBX 225 to GBX 240 and gave the stock a "sector perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on M&G from GBX 290 to GBX 305 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Finally, Citigroup raised their target price on M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, M&G currently has an average rating of "Hold" and an average price target of GBX 255.

M&G Trading Down 0.6%

The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The stock has a market capitalization of £6.35 billion, a PE ratio of 38.00, a PEG ratio of -2.76 and a beta of 1.47. The stock has a 50-day moving average price of GBX 258.79 and a two-hundred day moving average price of GBX 227.90.

Insider Transactions at M&G

In other M&G news, insider Clive Adamson bought 600 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of GBX 237 per share, with a total value of £1,422. Company 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.

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