M&G (LON:MNG) Price Target Raised to GBX 240 at Royal Bank Of Canada

M&G (LON:MNG - Get Free Report) had its price objective upped by stock analysts at Royal Bank Of Canada from GBX 225 ($2.98) to GBX 240 ($3.18) in a research report issued on Thursday, July 24th, Marketbeat Ratings reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target suggests a potential downside of 7.94% from the stock's previous close.

Separately, JPMorgan Chase & Co. increased their price objective on M&G from GBX 290 ($3.85) to GBX 305 ($4.04) and gave the company an "overweight" rating in a report on Thursday, July 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 251 ($3.33).

M&G Stock Performance

Shares of MNG traded up GBX 3.20 ($0.04) on Thursday, reaching GBX 260.70 ($3.46). 9,876,372 shares of the company's stock traded hands, compared to its average volume of 19,126,391. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The stock has a market cap of £6.21 billion, a PE ratio of 37.18, a PEG ratio of -2.76 and a beta of 1.47. The stock's 50 day simple moving average is GBX 250.58 and its two-hundred day simple moving average is GBX 221.74. M&G has a 52-week low of GBX 171.55 ($2.27) and a 52-week high of GBX 262.33 ($3.48).

Insider Activity

In other news, insider Clive Adamson acquired 600 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average cost of GBX 237 ($3.14) per share, with a total value of £1,422 ($1,885.44). 1.75% of the stock is owned by insiders.

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.