Brokerages Set M&G plc (LON:MNG) Price Target at GBX 677.86

Shares of M&G plc (LON:MNG) have been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 677.86.

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

Insider Buying and Selling

In other M&G news, insider Elisabeth Stheeman purchased 3,150 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average price of GBX 314 per share, for a total transaction of £9,891. 0.13% of the stock is owned by company insiders.

M&G Stock Performance

LON:MNG opened at GBX 353.90 on Wednesday. The company has a debt-to-equity ratio of 220.41, a current ratio of 1.92 and a quick ratio of 0.39. The firm has a market cap of £8.43 billion, a PE ratio of 28.77, a P/E/G ratio of -2.76 and a beta of 0.94. The firm has a 50 day simple moving average of GBX 325.39 and a 200-day simple moving average of GBX 308.15. M&G has a 1-year low of GBX 247 and a 1-year high of GBX 354.40.

M&G Company Profile

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.