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

M&G plc (LON:MNG) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 677.86.

A number of equities research analysts recently commented on MNG shares. UBS Group reiterated a “neutral” rating and issued a GBX 300 target price on shares of M&G in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 target price on shares of M&G in a research report on Thursday, May 7th. Royal Bank Of Canada upped their target price 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. Citigroup upped their target price on 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. 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 report on Friday, May 8th.

Insider Buying and Selling

In related news, insider Elisabeth Stheeman acquired 3,150 shares of the stock in a transaction on Friday, May 22nd. The shares were acquired at an average price of GBX 314 per share, for a total transaction of £9,891. Corporate insiders own 0.13% of the company’s stock.

M&G Price Performance

Shares of LON MNG opened at GBX 335.60 on Friday. The business’s 50 day moving average price is GBX 311.84 and its 200 day moving average price is GBX 301.29. The firm has a market cap of £8.00 billion, a P/E ratio of 27.28, a P/E/G ratio of -2.76 and a beta of 0.95. M&G has a 52 week low of GBX 247 and a 52 week high of GBX 337.40. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41.

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.