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

Shares of M&G plc (LON:MNG) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, 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 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 677.86.

A number of brokerages recently weighed in on MNG. Citigroup raised their price objective on M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada lifted their price objective on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a report on Tuesday, April 7th. 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. Finally, 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.

M&G Stock Up 1.0%

Shares of MNG stock opened at GBX 331 on Friday. The stock’s 50 day simple moving average is GBX 307.75 and its 200 day simple moving average is GBX 299.17. The company has a debt-to-equity ratio of 220.41, a quick ratio of 0.39 and a current ratio of 1.92. M&G has a twelve month low of GBX 247 and a twelve month high of GBX 331. The company has a market capitalization of £7.89 billion, a price-to-earnings ratio of 26.91, a PEG ratio of -2.76 and a beta of 0.95.

Insider Activity at M&G

In related news, insider Elisabeth Stheeman bought 3,150 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 314 per share, for a total transaction of £9,891. 0.13% of the stock is owned by company insiders.

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.