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

M&G plc (LON:MNG) has been assigned an average rating of “Hold” from the seven brokerages that are 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 677.86.

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

M&G Stock Performance

Shares of MNG stock opened at GBX 354.90 on Friday. The company has a market cap of £8.45 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth 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 367.10. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41. The firm has a 50 day moving average of GBX 342.64 and a 200-day moving average of GBX 316.42.

Insider Buying and Selling

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