M&G Plc (LON:MNG) Receives GBX 285.75 Average Price Target from Brokerages

Shares of M&G Plc (LON:MNG) have earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 285.75 ($3.76).

A number of equities analysts have issued reports on the stock. Deutsche Bank cut their price objective on shares of M&G from GBX 300 ($3.95) to GBX 295 ($3.88) and set a “buy” rating on the stock in a report on Monday, January 6th. HSBC assumed coverage on shares of M&G in a report on Friday, November 15th. They set a “buy” rating and a GBX 295 ($3.88) price objective on the stock. Shore Capital reaffirmed a “buy” rating on shares of M&G in a report on Thursday, October 24th. Barclays downgraded shares of M&G to an “equal weight” rating and lifted their price objective for the stock from GBX 251 ($3.30) to GBX 256 ($3.37) in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed a “sector performer” rating on shares of M&G in a report on Wednesday, December 18th.

MNG traded down GBX 4 ($0.05) during mid-day trading on Friday, reaching GBX 240 ($3.16). 3,927,040 shares of the stock were exchanged. The company has a debt-to-equity ratio of 47.48, a current ratio of 2.31 and a quick ratio of 0.38. The business has a 50 day moving average of GBX 239.34. M&G has a 1 year low of GBX 201.20 ($2.65) and a 1 year high of GBX 282.30 ($3.71).

In other news, insider Clive Adamson acquired 4,600 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of GBX 218 ($2.87) per share, with a total value of £10,028 ($13,191.27).

About M&G

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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Analyst Recommendations for M&G (LON:MNG)

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