M&G (LON:MNG - Get Free Report) had its price target raised by equities researchers at Royal Bank Of Canada from GBX 225 ($3.02) to GBX 240 ($3.23) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price suggests a potential downside of 7.22% from the company's current price.
Separately, JPMorgan Chase & Co. increased their price target on M&G from GBX 290 ($3.90) to GBX 305 ($4.10) and gave the stock an "overweight" rating in a research report on Thursday, July 17th.
Read Our Latest Analysis on M&G
M&G Stock Performance
Shares of MNG stock traded down GBX 1.62 ($0.02) during midday trading on Thursday, hitting GBX 258.68 ($3.48). 8,614,806 shares of the company were exchanged, compared to its average volume of 19,509,770. The firm has a market capitalization of £6.16 billion, a P/E ratio of 36.89, a PEG ratio of -2.76 and a beta of 1.47. 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 firm's 50 day moving average price is GBX 248.39 and its two-hundred day moving average price is GBX 220.39. M&G has a 52 week low of GBX 171.55 ($2.31) and a 52 week high of GBX 262.33 ($3.53).
Insiders Place Their Bets
In other M&G news, insider Clive Adamson purchased 600 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of GBX 237 ($3.19) per share, with a total value of £1,422 ($1,911.03). Company insiders own 1.75% of the company's stock.
About M&G
(
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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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