M&G plc (LON:MNG) Receives GBX 677.86 Average PT from Brokerages

M&G plc (LON:MNG) has earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 677.86.

A number of equities analysts have weighed in on MNG shares. JPMorgan Chase & Co. boosted their price objective on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a research note on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a GBX 300 target price on shares of M&G in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price target on shares of M&G in a report on Thursday, May 7th. Finally, Citigroup boosted their price target on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research report on Tuesday, June 9th.

M&G Price Performance

LON:MNG opened at GBX 357.70 on Friday. M&G has a one year low of GBX 247 and a one year high of GBX 367.10. 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 stock has a market cap of £8.52 billion, a PE ratio of 29.08, a P/E/G ratio of -2.76 and a beta of 0.95. The stock has a 50 day moving average price of GBX 343.51 and a 200 day moving average price of GBX 316.71.

Insider Buying and Selling

In other news, insider Elisabeth Stheeman bought 3,150 shares of M&G stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of GBX 314 per share, with a total value of £9,891. 0.13% of the stock is owned by company 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.