M&G’s (MNG) “Buy” Rating Reiterated at Deutsche Bank
Deutsche Bank reissued their buy rating on shares of M&G (LON:MNG) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of M&G from GBX 297 ($3.91) to GBX 235 ($3.09) and set an overweight rating for the company in a report on Friday, March 13th. Royal Bank of Canada reissued a sector performer rating on shares of M&G in a research note on Friday, March 20th. Finally, Barclays restated an equal weight rating on shares of M&G in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. M&G has a consensus rating of Buy and a consensus target price of GBX 264.20 ($3.48).
Shares of M&G stock opened at GBX 150.50 ($1.98) on Monday. The stock has a fifty day moving average price of GBX 197.35. M&G has a 12-month low of GBX 91.60 ($1.20) and a 12-month high of GBX 282.30 ($3.71). The company has a market cap of $3.94 billion and a price-to-earnings ratio of 3.50. The company has a debt-to-equity ratio of 153.17, a quick ratio of 0.54 and a current ratio of 3.32.
In related news, insider Clare Thompson bought 20,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of GBX 172 ($2.26) per share, with a total value of £34,400 ($45,251.25). Also, insider Michael Evans bought 51,627 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were bought at an average cost of GBX 97 ($1.28) per share, for a total transaction of £50,078.19 ($65,875.02).
M&G Company Profile
M&G plc, a holding company, through its subsidiaries, operates as a savings and investment company. The company manages investments for individuals and large institutional investors, such as pension funds around the world. Its investments include bonds, equities, alternatives, real estate, infrastructure, and multi-asset classes.
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