M&G (LON:MNG) Sets New 12-Month High – Time to Buy?

M&G plc (LON:MNG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 310.40 and last traded at GBX 309.20, with a volume of 38718633 shares traded. The stock had previously closed at GBX 306.50.

Analysts Set New Price Targets

MNG has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of M&G from GBX 300 to GBX 328 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 265 price objective on shares of M&G in a report on Monday, November 10th. UBS Group cut M&G to a “neutral” rating and boosted their price target for the stock from GBX 275 to GBX 290 in a research note on Wednesday, December 17th. Berenberg Bank upgraded shares of M&G to a “buy” rating and upped their target price for the company from GBX 225 to GBX 342 in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of M&G from GBX 305 to GBX 315 and gave the stock an “overweight” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 289.29.

M&G Price Performance

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 company has a market cap of £7.38 billion, a P/E ratio of -124.48, a P/E/G ratio of -2.76 and a beta of 1.47. The firm’s fifty day moving average is GBX 284.98 and its two-hundred day moving average is GBX 269.09.

M&G Company Profile

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.