M&G plc (LON:MNG) Given Average Recommendation of "Hold" by Brokerages

Key Points

• M&G plc (LON:MNG) has received a consensus recommendation of "Hold" from analysts, with four firms rating it as such and two giving a buy recommendation.
• The average target price for M&G shares is GBX 255, with analysts recently adjusting their price targets, including Royal Bank of Canada raising theirs from GBX 225 to GBX 240.
• M&G shares traded at GBX 266.10, with a market cap of £6.34 billion and a PE ratio of 37.95, indicating significant investor interest.

Shares of M&G plc (LON:MNG - Get Free Report) have received an average rating of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 255.

MNG has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of M&G from GBX 290 to GBX 305 and gave the stock an "overweight" rating in a report on Thursday, July 17th. UBS Group reaffirmed a "buy" rating and issued a GBX 275 price target on shares of M&G in a research report on Friday, August 15th. Citigroup boosted their price objective on M&G from GBX 214 to GBX 260 and gave the stock a "neutral" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada increased their target price on M&G from GBX 225 to GBX 240 and gave the company a "sector perform" rating in a research note on Thursday, July 24th.

Insider Buying and Selling at M&G

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

M&G Stock Performance

Shares of M&G stock traded up GBX 4.90 on Friday, reaching GBX 268. The stock had a trading volume of 3,397,462 shares, compared to its average volume of 17,915,682. The business's 50-day moving average price is GBX 258.79 and its two-hundred day moving average price is GBX 227.90. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 269.50. The stock has a market cap of £6.38 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

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.