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

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.

M&G plc (LON:MNG - Get Free Report) has earned a consensus recommendation of "Hold" from the six research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 255.

MNG has been the topic of several analyst reports. Royal Bank Of Canada upped their price target on shares of M&G from GBX 225 ($3.04) to GBX 240 ($3.25) and gave the company a "sector perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of M&G from GBX 290 ($3.92) to GBX 305 ($4.13) and gave the company an "overweight" rating in a report on Thursday, July 17th. UBS Group reissued a "buy" rating and issued a GBX 275 ($3.72) price objective on shares of M&G in a research report on Friday. Finally, Citigroup upped their target price on shares of M&G from GBX 214 ($2.90) to GBX 260 ($3.52) and gave the stock a "neutral" rating in a research note on Tuesday, July 29th.

M&G Price Performance

MNG traded down GBX 1.60 ($0.02) during trading on Friday, hitting GBX 266.10 ($3.60). 3,738,797 shares of the company traded hands, compared to its average volume of 18,159,566. The company has a market cap of £6.34 billion, a PE ratio of 37.95, a P/E/G ratio of -2.76 and a beta of 1.47. The stock's 50-day simple moving average is GBX 257.65 and its two-hundred day simple moving average is GBX 226.33. M&G has a 1 year low of GBX 171.55 ($2.32) and a 1 year high of GBX 269.50 ($3.65). The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70.

Insider Activity

In related news, insider Clive Adamson purchased 600 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average price of GBX 237 ($3.21) per share, for a total transaction of £1,422 ($1,923.96). 1.75% of the stock is owned by corporate insiders.

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.

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