Shares of M&G plc (LON:MNG – Get Rating) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 222.14 ($2.78).
A number of research analysts recently issued reports on MNG shares. Morgan Stanley reiterated an “overweight” rating and issued a GBX 247 ($3.09) target price on shares of M&G in a research note on Tuesday, March 28th. HSBC lifted their price objective on M&G from GBX 260 ($3.26) to GBX 265 ($3.32) and gave the stock a “buy” rating in a research note on Friday, February 10th. Berenberg Bank downgraded M&G to a “hold” rating and decreased their target price for the company from GBX 260 ($3.26) to GBX 218 ($2.73) in a research note on Monday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on M&G from GBX 190 ($2.38) to GBX 200 ($2.51) and gave the stock an “underweight” rating in a research report on Tuesday, March 14th.
M&G Price Performance
Shares of LON:MNG opened at GBX 199.35 ($2.50) on Friday. The firm has a market cap of £4.70 billion, a price-to-earnings ratio of -302.05, a P/E/G ratio of -2.76 and a beta of 1.65. M&G has a 1 year low of GBX 159.30 ($2.00) and a 1 year high of GBX 229.90 ($2.88). The company has a current ratio of 2.74, a quick ratio of 0.39 and a debt-to-equity ratio of 281.17. The business has a fifty day simple moving average of GBX 195.40 and a 200 day simple moving average of GBX 195.45.
M&G Increases Dividend
Insider Activity at M&G
In other M&G news, insider Andrea Rossi purchased 10,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was bought at an average price of GBX 193 ($2.42) per share, for a total transaction of £19,300 ($24,176.37). 2.71% of the stock is owned by company insiders.
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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