Brokerages Set M&G plc (LON:MNG) Target Price at GBX 677.86

M&G plc (LON:MNG) has earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 677.86.

A number of analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price objective on shares of M&G in a report on Thursday, May 7th. Citigroup boosted their target price on M&G from GBX 2,880 to GBX 2,950 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. JPMorgan Chase & Co. upped their price target on M&G from GBX 315 to GBX 325 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 300 price target on shares of M&G in a report on Tuesday, May 5th.

Insider Transactions at M&G

In related news, insider Elisabeth Stheeman bought 3,150 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of GBX 314 per share, for a total transaction of £9,891. 0.13% of the stock is currently owned by insiders.

M&G Stock Performance

MNG opened at GBX 350.56 on Friday. The firm has a market capitalization of £8.35 billion, a PE ratio of 28.50, a PEG ratio of -2.76 and a beta of 0.95. M&G has a twelve month low of GBX 247 and a twelve month high of GBX 367.10. The firm’s 50-day moving average price is GBX 341.03 and its 200 day moving average price is GBX 315.75. The company has a current ratio of 1.92, a quick ratio of 0.39 and a debt-to-equity ratio of 220.41.

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. M&G Investments manages assets for clients globally.

With roots stretching back more than 170 years, we have a long history of finding innovative solutions for our customers’ changing needs.