M&G plc (LON:MNG) Receives GBX 297.57 Consensus Target Price from Brokerages

Shares of M&G plc (LON:MNG) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 297.57.

Several brokerages have recently issued reports on MNG. UBS Group reiterated a “neutral” rating and set a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on M&G from GBX 315 to GBX 325 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Citigroup boosted their price objective on M&G from GBX 260 to GBX 288 and gave the stock a “neutral” rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada boosted their price objective on M&G from GBX 260 to GBX 285 and gave the stock a “sector perform” rating in a research report on Tuesday, April 7th.

M&G Stock Up 1.3%

Shares of MNG stock opened at GBX 316 on Tuesday. The business has a 50 day moving average of GBX 296 and a two-hundred day moving average of GBX 293.82. M&G has a 52 week low of GBX 222.70 and a 52 week high of GBX 324.50. The company has a market cap of £7.53 billion, a P/E ratio of 25.69, a PEG ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last issued its earnings results on Thursday, March 12th. The company reported GBX 12.60 EPS for the quarter. M&G had a return on equity of 9.49% and a net margin of 1.73%. Analysts expect that M&G will post 24.2485207 EPS for the current fiscal year.

Insider Activity

In other M&G news, insider Elisabeth Stheeman acquired 3,150 shares of M&G stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 314 per share, for a total transaction of £9,891. Corporate insiders own 0.08% of the company’s stock.

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.