M&G (LON:MNG) Price Target Lowered to GBX 251 at Barclays

M&G (LON:MNG) had its price objective reduced by Barclays from GBX 256 ($3.35) to GBX 251 ($3.28) in a research note released on Wednesday, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. HSBC began coverage on M&G in a research report on Friday, November 15th. They set a buy rating and a GBX 295 ($3.85) price objective for the company. JPMorgan Chase & Co. upped their target price on M&G from GBX 271 ($3.54) to GBX 278 ($3.63) and gave the company an overweight rating in a report on Friday, November 15th. Shore Capital reissued a buy rating on shares of M&G in a research report on Thursday, October 24th. Finally, Deutsche Bank began coverage on shares of M&G in a research report on Wednesday, October 23rd. They issued a buy rating and a GBX 300 ($3.92) price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 272.80 ($3.56).

LON:MNG opened at GBX 222.60 ($2.91) on Wednesday. The company has a debt-to-equity ratio of 47.48, a quick ratio of 0.38 and a current ratio of 2.31. M&G has a 1-year low of GBX 201.20 ($2.63) and a 1-year high of GBX 282.30 ($3.69).

In other news, insider John W. Foley acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of GBX 212 ($2.77) per share, for a total transaction of £212,000 ($277,015.55). Also, insider Clive Adamson acquired 4,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of GBX 218 ($2.85) per share, for a total transaction of £10,028 ($13,103.36).

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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