M&G plc (LON:MNG) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• M&G has a consensus “Hold” rating from seven analysts: four recommend holding the stock and three recommend buying it. The average 12-month price target is GBX 677.86.
• Recent analyst actions were mixed, with Citigroup and JPMorgan maintaining neutral ratings while Jefferies reaffirmed a buy recommendation; several firms adjusted their price targets.
• Insider Elisabeth Stheeman bought 3,150 shares at GBX 314 each. M&G shares opened at GBX 365.24, near their 12-month high of GBX 367.10, with a market capitalization of about £8.70 billion.

M&G plc (LON:MNG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 677.86.

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on M&G from GBX 2,880 to GBX 2,950 and gave the company a "neutral" rating in a research report on Tuesday, June 9th. UBS Group restated a "neutral" rating and issued a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 215 target price on shares of M&G in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of M&G from GBX 315 to GBX 325 and gave the company a "neutral" rating in a research report on Friday, May 8th.

Insider Buying and Selling at M&G

In related news, insider Elisabeth Stheeman acquired 3,150 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was bought at an average cost of GBX 314 per share, with a total value of £9,891. Company insiders own 0.13% of the company's stock.

M&G Price Performance

Shares of LON MNG opened at GBX 365.24 on Friday. The firm has a market capitalization of £8.70 billion, a P/E ratio of 29.69, a P/E/G ratio of -2.76 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 1.92 and a debt-to-equity ratio of 220.41. The stock's 50-day simple moving average is GBX 339.34 and its two-hundred day simple moving average is GBX 314.91. M&G has a twelve month low of GBX 247 and a twelve month high of GBX 367.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source