M&G (LON:MNG) Earns Buy Rating from UBS Group

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.

UBS Group reiterated their buy rating on shares of M&G (LON:MNG - Free Report) in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has a GBX 275 price target on the stock.

MNG has been the subject of several other research reports. Royal Bank Of Canada lifted their price objective on shares of M&G from GBX 225 to GBX 240 and gave the company a "sector perform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of M&G from GBX 290 to GBX 305 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Citigroup upped their price objective on shares of M&G from GBX 214 to GBX 260 and gave the company a "neutral" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of GBX 255.

M&G Trading Up 1.9%

MNG stock traded up GBX 4.90 during mid-day trading on Friday, reaching GBX 268. The company's stock had a trading volume of 3,397,462 shares, compared to its average volume of 17,915,682. M&G has a 12 month low of GBX 171.55 and a 12 month high of GBX 269.50. 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 business's 50 day moving average price is GBX 258.79 and its 200 day moving average price is GBX 227.90. The company has a market cap of £6.38 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47.

Insider Transactions at M&G

In related news, insider Clive Adamson acquired 600 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of GBX 237 per share, with a total value of £1,422. Company insiders own 1.75% of the company's stock.

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.