M&G plc (LON:MNG) Given Consensus Rating of “Hold” by Analysts

Shares of M&G plc (LON:MNG) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 297.57.

A number of research firms recently weighed in on MNG. Jefferies Financial Group restated a “buy” rating and issued a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Berenberg Bank restated a “buy” rating and issued a GBX 342 price target on shares of M&G in a report on Monday, February 9th. Royal Bank Of Canada upped their price target on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. Citigroup upped their price target on M&G from GBX 260 to GBX 288 and gave the stock a “neutral” rating in a report on Tuesday, March 24th. Finally, UBS Group restated a “neutral” rating and issued a GBX 300 price target on shares of M&G in a report on Tuesday, May 5th.

M&G Trading Down 1.0%

LON MNG opened at GBX 312.70 on Tuesday. The business’s 50 day moving average is GBX 296.68 and its two-hundred day moving average is GBX 294.29. M&G has a 12-month low of GBX 235 and a 12-month high of GBX 324.50. The stock has a market capitalization of £7.45 billion, a price-to-earnings ratio of 25.42, a PEG ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last released its earnings results on Thursday, March 12th. The company reported GBX 12.60 earnings per share (EPS) for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Equities analysts forecast that M&G will post 24.2485207 earnings per share for the current fiscal year.

Insider Buying and Selling at M&G

In other news, insider Elisabeth Stheeman purchased 3,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of GBX 314 per share, for a total transaction of £9,891. 0.08% of the stock is currently owned by corporate insiders.

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.