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

M&G plc (LON:MNG) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 677.86.

Several analysts have weighed in on the company. Royal Bank Of Canada boosted 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 reiterated a “neutral” rating and issued a GBX 300 price target on shares of M&G in a research report on Tuesday, May 5th. Citigroup increased their price target on shares of M&G from GBX 2,880 to GBX 2,950 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on shares of M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price target on shares of M&G in a research report on Thursday, May 7th.

M&G Stock Performance

Shares of LON:MNG opened at GBX 334.60 on Friday. The stock has a market capitalization of £7.97 billion, a P/E ratio of 27.20, a P/E/G ratio of -2.76 and a beta of 0.95. M&G has a 1-year low of GBX 247 and a 1-year high of GBX 336.40. The company has a current ratio of 1.92, a quick ratio of 0.39 and a debt-to-equity ratio of 220.41. The business has a 50-day moving average price of GBX 310.24 and a two-hundred day moving average price of GBX 300.62.

Insider Buying and Selling at M&G

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