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

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

A number of research firms have recently issued reports on MNG. Royal Bank Of Canada increased their price objective on shares of M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th. UBS Group reaffirmed a “neutral” rating and set a GBX 300 price target on shares of M&G in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a report on Friday, May 8th. Citigroup increased their price target on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research note on Thursday, May 7th.

Insider Buying and Selling at M&G

In other M&G news, insider Elisabeth Stheeman bought 3,150 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of GBX 314 per share, for a total transaction of £9,891. Company insiders own 0.13% of the company’s stock.

M&G Stock Up 1.2%

M&G stock opened at GBX 350.40 on Wednesday. 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 company has a market capitalization of £8.35 billion, a PE ratio of 28.49, a PEG ratio of -2.76 and a beta of 0.94. The firm’s fifty day moving average is GBX 322.47 and its 200 day moving average is GBX 306.88. M&G has a 12-month low of GBX 247 and a 12-month high of GBX 351.10.

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.