Analysts Set M&G plc (LON:MNG) Price Target at GBX 255

Shares of M&G plc (LON:MNG) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 255.

Several equities analysts have commented on MNG shares. Citigroup upped their price objective on M&G from GBX 214 ($2.90) to GBX 260 ($3.53) and gave the company a “neutral” rating in a research report on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a GBX 275 ($3.73) price objective on shares of M&G in a research report on Friday. JPMorgan Chase & Co. upped their price objective on M&G from GBX 290 ($3.93) to GBX 305 ($4.14) and gave the company an “overweight” rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada upped their price objective on M&G from GBX 225 ($3.05) to GBX 240 ($3.25) and gave the company a “sector perform” rating in a research report on Thursday, July 24th.

Insider Activity

In other news, insider Clive Adamson purchased 600 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of GBX 237 ($3.21) per share, with a total value of £1,422 ($1,928.40). Insiders own 1.75% of the company’s stock.

M&G Trading Down 0.6%

Shares of MNG opened at GBX 266.10 ($3.61) on Friday. The firm’s 50 day simple moving average is GBX 258.09 and its 200 day simple moving average is GBX 226.99. The company has a market capitalization of £6.34 billion, a P/E ratio of 37.95, a P/E/G ratio of -2.76 and a beta of 1.47. The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. M&G has a 1-year low of GBX 171.55 ($2.33) and a 1-year high of GBX 269.50 ($3.65).

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.