M&G (LON:MNG) Given New GBX 305 Price Target at JPMorgan Chase & Co.

M&G (LON:MNG - Free Report) had its price objective boosted by JPMorgan Chase & Co. from GBX 290 ($3.89) to GBX 305 ($4.09) in a report issued on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

M&G Stock Up 0.3%

Shares of MNG stock traded up GBX 0.70 ($0.01) during mid-day trading on Thursday, reaching GBX 257.90 ($3.46). 3,197,508 shares of the company were exchanged, compared to its average volume of 20,026,443. M&G has a fifty-two week low of GBX 171.55 ($2.30) and a fifty-two week high of GBX 262.33 ($3.52). The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. The company has a market capitalization of £6.14 billion, a P/E ratio of 36.78, a P/E/G ratio of -2.76 and a beta of 1.47. The business's 50 day simple moving average is GBX 244.35 and its 200 day simple moving average is GBX 218.59.

Insider Activity at M&G

In other news, insider Clive Adamson purchased 600 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average price of GBX 237 ($3.18) per share, for a total transaction of £1,422 ($1,907.44). Corporate insiders own 1.75% of the company's stock.

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.