Shares of M&G plc (LON:MNG – Get Rating) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 219 ($2.59).
A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of M&G from GBX 200 ($2.36) to GBX 195 ($2.31) and set a “hold” rating for the company in a research note on Thursday, October 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 210 ($2.48) target price on shares of M&G in a research note on Tuesday, August 16th. Berenberg Bank decreased their target price on shares of M&G from GBX 267 ($3.16) to GBX 260 ($3.07) and set a “buy” rating for the company in a research note on Friday, August 12th. Finally, Barclays raised their target price on shares of M&G from GBX 195 ($2.31) to GBX 200 ($2.36) and gave the company an “underweight” rating in a research note on Tuesday, August 30th.
In other news, insider Massimo Tosato purchased 60,700 shares of the business’s stock in a transaction dated Wednesday, October 12th. The shares were purchased at an average price of GBX 164 ($1.94) per share, for a total transaction of £99,548 ($117,710.77). In related news, insider Andrea Rossi bought 175,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were bought at an average price of GBX 167 ($1.97) per share, for a total transaction of £292,250 ($345,571.72). Also, insider Massimo Tosato bought 60,700 shares of the company’s stock in a transaction that occurred on Wednesday, October 12th. The stock was bought at an average price of GBX 164 ($1.94) per share, for a total transaction of £99,548 ($117,710.77).
M&G Price Performance
M&G Company Profile
M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through two segments, Asset Management, and Retail and Savings. It offers retirement, savings, and investment management solutions to its retail and institutional customers.
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