M&G plc (LON:MNG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 262.80 ($3.53) and last traded at GBX 262.40 ($3.53), with a volume of 16078344 shares traded. The stock had previously closed at GBX 260.60 ($3.51).
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MNG. Citigroup lifted their price objective on shares of M&G from GBX 214 ($2.88) to GBX 260 ($3.50) and gave the stock a "neutral" rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on shares of M&G from GBX 225 ($3.03) to GBX 240 ($3.23) and gave the stock a "sector perform" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of M&G from GBX 290 ($3.90) to GBX 305 ($4.10) and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of GBX 251 ($3.38).
Read Our Latest Stock Analysis on M&G
M&G Price Performance
The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The firm has a market capitalization of £6.19 billion, a P/E ratio of 37.06, a P/E/G ratio of -2.76 and a beta of 1.47. The firm's 50 day simple moving average is GBX 255.71 and its two-hundred day simple moving average is GBX 224.84.
Insider Buying and Selling at M&G
In other M&G news, insider Clive Adamson bought 600 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average cost of GBX 237 ($3.19) per share, with a total value of £1,422 ($1,912.58). Corporate insiders own 1.75% of the company's stock.
About M&G
(
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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.
Further Reading
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