UBS Group Reaffirms Buy Rating for M&G (LON:MNG)

Key Points

• UBS Group has reaffirmed its buy rating for M&G (LON:MNG) with a price target of GBX 275 ($3.72), indicating a potential upside of 3.34% from the current price.
• Other analysts, including Royal Bank Of Canada and Citigroup, have also raised their price objectives for M&G, reflecting positive sentiment towards the company's stock.
• M&G's stock currently has an average rating of "Hold" and a consensus price target of GBX 255 ($3.45), with insiders owning 1.75% of the stock.

M&G (LON:MNG - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at UBS Group in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 275 ($3.72) price target on the stock. UBS Group's target price would suggest a potential upside of 3.34% from the company's current price.

Several other analysts have also weighed in on MNG. Royal Bank Of Canada lifted their price objective 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 research note on Thursday, July 24th. Citigroup lifted their price objective on shares of M&G from GBX 214 ($2.90) to GBX 260 ($3.52) and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of M&G from GBX 290 ($3.92) to GBX 305 ($4.13) and gave the company an "overweight" rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 255 ($3.45).

M&G Stock Performance

LON:MNG traded down GBX 1.60 ($0.02) during mid-day trading on Friday, reaching GBX 266.10 ($3.60). 3,738,797 shares of the company's stock were exchanged, compared to its average volume of 18,159,566. M&G has a one year low of GBX 171.55 ($2.32) and a one year high of GBX 269.50 ($3.65). The firm has a market capitalization of £6.34 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The business's fifty day simple moving average is GBX 257.65 and its two-hundred day simple moving average is GBX 226.33. The company has a debt-to-equity ratio of 218.70, a quick ratio of 0.39 and a current ratio of 0.40.

Insider Buying and Selling

In other M&G news, insider Clive Adamson acquired 600 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of GBX 237 ($3.21) per share, with a total value of £1,422 ($1,923.96). 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.

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