Insider Buying: M&G plc (LON:MNG) Insider Acquires £50,184 in Stock

M&G plc (LON:MNGGet Free Report) insider Edward Braham purchased 24,600 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was bought at an average price of GBX 204 ($2.59) per share, for a total transaction of £50,184 ($63,766.20).

M&G Stock Up 0.4 %

Shares of MNG stock opened at GBX 207.10 ($2.63) on Friday. M&G plc has a 1-year low of GBX 181.55 ($2.31) and a 1-year high of GBX 241.10 ($3.06). The stock’s fifty day moving average price is GBX 201.95 and its 200 day moving average price is GBX 215.24. The company has a debt-to-equity ratio of 207.54, a current ratio of 1.17 and a quick ratio of 0.39. The company has a market cap of £4.93 billion, a price-to-earnings ratio of 1,725.83, a price-to-earnings-growth ratio of -2.76 and a beta of 1.49.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MNG shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 225 ($2.86) price target on shares of M&G in a report on Friday, May 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 225 ($2.86) price target on shares of M&G in a report on Wednesday, April 10th. Finally, Royal Bank of Canada cut their price target on M&G from GBX 220 ($2.80) to GBX 215 ($2.73) and set a “sector perform” rating on the stock in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 224.17 ($2.85).

Get Our Latest Report on M&G

About M&G

(Get Free Report)

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through three segments: Asset Management, Life, and Wealth. It offers retirement, savings, and investment management solutions. The company also provides individual and corporate pensions, retirement, annuities, life, savings, and investment products, such as equities, fixed income, multi-asset and real estate.

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