M&G (LON:MNG) Insider Purchases £9,891 in Stock

M&G plc (LON:MNG) insider Elisabeth Stheeman acquired 3,150 shares of M&G stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of GBX 314 per share, with a total value of £9,891.

M&G Stock Performance

LON MNG traded down GBX 0 on Friday, hitting GBX 314.70. 4,616,775 shares of the stock traded hands, compared to its average volume of 39,181,629. The business’s fifty day moving average is GBX 293.97 and its two-hundred day moving average is GBX 292.10. M&G plc has a 12 month low of GBX 213.50 and a 12 month high of GBX 324.50. The firm has a market capitalization of £7.50 billion, a price-to-earnings ratio of 25.59, a PEG ratio of -2.76 and a beta of 0.97.

M&G (LON:MNG) last announced its quarterly earnings data on Thursday, March 12th. The company reported GBX 12.60 earnings per share 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 plc will post 24.2485207 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MNG. Royal Bank Of Canada increased their target price 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. Citigroup increased their target price on M&G from GBX 260 to GBX 288 and gave the stock a “neutral” rating in a research report on Tuesday, March 24th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 215 price objective on shares of M&G in a research report on Thursday, May 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 342 price objective on shares of M&G in a research report on Monday, February 9th. Finally, UBS Group reiterated a “neutral” rating and issued a GBX 300 price objective on shares of M&G in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 297.57.

About M&G

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.