Deutsche Bank reiterated their buy rating on shares of M&G (LON:MNG) in a research report report published on Monday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their price target on M&G from GBX 297 ($3.91) to GBX 235 ($3.09) and set an overweight rating on the stock in a report on Friday, March 13th. Barclays reiterated an equal weight rating on shares of M&G in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a sector performer rating on shares of M&G in a research report on Friday, March 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. M&G currently has a consensus rating of Buy and a consensus price target of GBX 264.20 ($3.48).
LON MNG opened at GBX 140.60 ($1.85) on Monday. The firm has a market capitalization of $3.65 billion and a PE ratio of 3.27. The business’s 50 day simple moving average is GBX 195.50. The company has a quick ratio of 0.54, a current ratio of 3.32 and a debt-to-equity ratio of 153.17. M&G has a one year low of GBX 91.60 ($1.20) and a one year high of GBX 282.30 ($3.71).
In other M&G news, insider Michael Evans purchased 51,627 shares of M&G stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average price of GBX 97 ($1.28) per share, with a total value of £50,078.19 ($65,875.02). Also, insider Clare Thompson purchased 20,000 shares of M&G stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of GBX 172 ($2.26) per share, with a total value of £34,400 ($45,251.25).
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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