M&G (LON:MNG) Price Target Raised to GBX 278 at JPMorgan Chase & Co.

M&G (LON:MNG) had its target price hoisted by JPMorgan Chase & Co. from GBX 271 ($3.54) to GBX 278 ($3.63) in a research note published on Friday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Shore Capital reiterated a buy rating on shares of M&G in a report on Thursday, October 24th. Deutsche Bank initiated coverage on M&G in a report on Wednesday, October 23rd. They issued a buy rating and a GBX 300 ($3.92) price objective on the stock.

Shares of MNG stock traded down GBX 2 ($0.03) on Friday, hitting GBX 226 ($2.95). The stock had a trading volume of 19,101,161 shares. The company has a current ratio of 2.31, a quick ratio of 0.38 and a debt-to-equity ratio of 47.48. M&G has a 1 year low of GBX 201.20 ($2.63) and a 1 year high of GBX 228.80 ($2.99).

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In related news, insider John W. Foley bought 100,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 212 ($2.77) per share, with a total value of £212,000 ($277,015.55). Also, insider Clive Adamson bought 4,600 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average cost of GBX 218 ($2.85) per share, with a total value 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.

Further Reading: Depreciation

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