M&G (LON:MNG) Price Target Raised to GBX 297

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M&G (LON:MNG) had its price objective upped by JPMorgan Chase & Co. from GBX 278 ($3.66) to GBX 297 ($3.91) in a report issued on Tuesday, January 7th, Digital Look reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Barclays lowered their price target on shares of M&G from GBX 256 ($3.37) to GBX 251 ($3.30) and set an overweight rating for the company in a research note on Wednesday, December 4th. Shore Capital reaffirmed a buy rating on shares of M&G in a research note on Thursday, October 24th. Deutsche Bank reduced their price target 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 research report on Monday, January 6th. HSBC started coverage on shares of M&G in a research report on Friday, November 15th. They set a buy rating and a GBX 295 ($3.88) price target on the stock. Finally, Royal Bank of Canada reiterated a sector performer rating on shares of M&G in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 275.60 ($3.63).

M&G stock traded up GBX 1 ($0.01) during mid-day trading on Tuesday, hitting GBX 241.60 ($3.18). The company’s stock had a trading volume of 3,286,385 shares. The company has a quick ratio of 0.38, a current ratio of 2.31 and a debt-to-equity ratio of 47.48. The business has a 50 day moving average of GBX 237. M&G has a 12 month low of GBX 201.20 ($2.65) and a 12 month high of GBX 282.30 ($3.71).

In related news, insider John W. Foley acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of GBX 212 ($2.79) per share, for a total transaction of £212,000 ($278,873.98). Also, insider Clive Adamson acquired 4,600 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average price of GBX 218 ($2.87) per share, for a total transaction of £10,028 ($13,191.27).

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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Analyst Recommendations for M&G (LON:MNG)

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