M&G (LON:MNG) Hits New 12-Month High at $232.75

M&G plc (LON:MNGGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 232.75 ($2.95) and last traded at GBX 232.75 ($2.95), with a volume of 2255969 shares trading hands. The stock had previously closed at GBX 229.60 ($2.91).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MNG shares. Deutsche Bank Aktiengesellschaft upgraded shares of M&G to a “buy” rating and boosted their price objective for the stock from GBX 230 ($2.92) to GBX 250 ($3.17) in a report on Wednesday, November 29th. The Goldman Sachs Group initiated coverage on shares of M&G in a report on Tuesday, November 28th. They set a “buy” rating on the stock. Jefferies Financial Group restated a “buy” rating and set a GBX 225 ($2.86) target price on shares of M&G in a report on Tuesday, February 20th. Barclays restated an “underweight” rating and set a GBX 205 ($2.60) target price on shares of M&G in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of M&G to a “neutral” rating and boosted their target price for the company from GBX 195 ($2.47) to GBX 220 ($2.79) in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 225.83 ($2.87).

View Our Latest Research Report on M&G

M&G Stock Up 1.4 %

The company’s fifty day moving average is GBX 223.19 and its 200-day moving average is GBX 209.40. The company has a market capitalization of £5.52 billion, a PE ratio of -1,281.11, a price-to-earnings-growth ratio of -2.76 and a beta of 1.49. The company has a debt-to-equity ratio of 202.87, a quick ratio of 0.39 and a current ratio of 2.62.

M&G Company Profile

(Get Free Report)

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through Asset Management, and Retail and Savings segments. It offers retirement, savings, and investment management solutions to its retail and institutional customers.

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