JPMorgan Chase & Co. Reiterates “Overweight” Rating for M&G (LON:MNG)

M&G (LON:MNG)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on MNG. Royal Bank of Canada upped their price objective on M&G from GBX 160 ($1.97) to GBX 170 ($2.09) and gave the company an “outperform” rating in a research report on Friday, June 5th. Barclays restated an “equal weight” rating on shares of M&G in a research report on Thursday, June 11th. Deutsche Bank reiterated a “buy” rating on shares of M&G in a research note on Monday, June 22nd. Finally, Berenberg Bank assumed coverage on M&G in a research note on Tuesday, June 23rd. They issued a “buy” rating and a GBX 200 ($2.46) target price for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 218.67 ($2.69).

Shares of LON:MNG opened at GBX 167.55 ($2.06) on Monday. The company has a quick ratio of 0.99, a current ratio of 5.02 and a debt-to-equity ratio of 153.17. M&G has a 52-week low of GBX 86.40 ($1.06) and a 52-week high of £113.95 ($140.23). The stock’s fifty day simple moving average is GBX 144.55 and its 200-day simple moving average is GBX 181.07. The company has a market capitalization of $4.30 billion and a P/E ratio of 3.84.

In other news, insider Massimo Tosato purchased 1,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of GBX 163 ($2.01) per share, for a total transaction of £1,630 ($2,005.91). Also, insider Clare Bousfield sold 2,630 shares of the company’s stock in a transaction dated Friday, April 3rd. The stock was sold at an average price of GBX 113 ($1.39), for a total value of £2,971.90 ($3,657.27).

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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