JPMorgan Chase & Co. Forecasts Strong Price Appreciation for M&G (LON:MNG) Stock

M&G (LON:MNG) had its target price increased by research analysts at JPMorgan Chase & Co. from GBX 290 ($3.89) to GBX 305 ($4.09) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.26% from the company’s previous close.

M&G Trading Up 0.3%

Shares of MNG opened at GBX 257.90 ($3.46) on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The firm’s 50-day moving average is GBX 244.35 and its two-hundred day moving average is GBX 218.30. M&G has a twelve month low of GBX 171.55 ($2.30) and a twelve month high of GBX 262.33 ($3.52). The firm has a market capitalization of £6.14 billion, a P/E ratio of 36.78, a PEG ratio of -2.76 and a beta of 1.47.

Insiders Place Their Bets

In other M&G news, insider Clive Adamson purchased 600 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average cost of GBX 237 ($3.18) per share, for a total transaction of £1,422 ($1,908.72). Insiders own 1.75% of the company’s stock.

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.