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

Shares of M&G plc (LON:MNG) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four equities 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 analysts that have updated their coverage on the stock in the last year is GBX 297.57.

Several equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating and set a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. JPMorgan Chase & Co. increased their price objective on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on M&G from GBX 260 to GBX 288 and gave the company a “neutral” rating in a research report on Tuesday, March 24th.

Insider Activity at M&G

In other news, insider Elisabeth Stheeman acquired 3,150 shares of M&G stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of GBX 314 per share, for a total transaction of £9,891. Company insiders own 0.08% of the company’s stock.

M&G Stock Performance

Shares of M&G stock opened at GBX 314.70 on Tuesday. The firm has a market capitalization of £7.50 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of -2.76 and a beta of 0.97. The business’s 50-day moving average price is GBX 294.74 and its 200-day moving average price is GBX 292.74. M&G has a 12 month low of GBX 213.50 and a 12 month high of GBX 324.50.

M&G (LON:MNG) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 12.60 EPS 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 will post 24.2485207 earnings per share for the current fiscal year.

About M&G

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.