M&G (LON:MNG) Insider Purchases £9,891 in Stock

M&G plc (LON:MNG) insider Elisabeth Stheeman purchased 3,150 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of GBX 314 per share, for a total transaction of £9,891.

M&G Trading Down 0.0%

MNG stock traded down GBX 0 during trading on Friday, reaching GBX 314.70. 4,616,775 shares of the stock were exchanged, compared to its average volume of 39,181,629. The firm’s 50 day moving average is GBX 293.97 and its 200 day moving average is GBX 292.10. M&G plc has a twelve month low of GBX 213.50 and a twelve month high of GBX 324.50. The firm has a market cap of £7.50 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on MNG. 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 report on Friday, May 8th. Jefferies Financial Group reissued a “buy” rating and set a GBX 215 price objective on shares of M&G in a report on Thursday, May 7th. Berenberg Bank reissued a “buy” rating and set a GBX 342 price objective on shares of M&G in a report on Monday, February 9th. Citigroup boosted their price objective 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 reissued a “neutral” rating and set a GBX 300 price objective on shares of M&G in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, M&G presently has a consensus rating of “Hold” and an average target price of GBX 297.57.

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.