M&G plc (LON:MNG) Receives Average Recommendation of “Hold” from Analysts

M&G plc (LON:MNG) has earned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 677.86.

MNG has been the topic of several research reports. Citigroup boosted their price target on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. UBS Group reissued a “neutral” rating and set a GBX 300 price objective on shares of M&G in a report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on M&G from GBX 260 to GBX 285 and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. Jefferies Financial Group restated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research note on Friday, May 8th.

Insider Activity

In other M&G news, insider Elisabeth Stheeman acquired 3,150 shares of M&G stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 314 per share, with a total value of £9,891. Corporate insiders own 0.13% of the company’s stock.

M&G Stock Up 0.4%

Shares of MNG opened at GBX 355.40 on Wednesday. The company has a debt-to-equity ratio of 220.41, a quick ratio of 0.39 and a current ratio of 1.92. The company has a 50-day simple moving average of GBX 327.33 and a 200-day simple moving average of GBX 309.21. M&G has a 52 week low of GBX 247 and a 52 week high of GBX 355.50. The firm has a market capitalization of £8.47 billion, a P/E ratio of 28.89, a P/E/G ratio of -2.76 and a beta of 0.94.

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.