M&G plc (LON:MNG) Insider Kathryn McLeland Purchases 125,397 Shares

M&G plc (LON:MNGGet Rating) insider Kathryn McLeland bought 125,397 shares of the firm’s stock in a transaction on Friday, June 17th. The shares were bought at an average cost of GBX 198 ($2.40) per share, with a total value of £248,286.06 ($301,354.61).

M&G stock traded up GBX 1 ($0.01) during mid-day trading on Friday, hitting GBX 195.65 ($2.37). 13,715,693 shares of the company were exchanged, compared to its average volume of 8,111,239. The company has a quick ratio of 0.70, a current ratio of 2.76 and a debt-to-equity ratio of 174.80. The business has a fifty day moving average of GBX 212.52 and a 200 day moving average of GBX 209.74. M&G plc has a 1-year low of GBX 168.69 ($2.05) and a 1-year high of GBX 246 ($2.99). The company has a market capitalization of £5.02 billion and a PE ratio of 61.84.

MNG has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating on shares of M&G in a research report on Wednesday, May 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 230 ($2.79) target price on shares of M&G in a research report on Friday, May 27th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 237 ($2.88) target price on shares of M&G in a research report on Wednesday, March 9th. JPMorgan Chase & Co. raised M&G to a “neutral” rating and raised their target price for the stock from GBX 215 ($2.61) to GBX 250 ($3.03) in a research report on Thursday, March 31st. Finally, Barclays raised their target price on M&G from GBX 217 ($2.63) to GBX 226 ($2.74) and gave the stock an “underweight” rating in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 242.13 ($2.94).

M&G Company Profile (Get Rating)

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through two segments, Asset Management, and Retail and Savings. It offers retirement, savings, and investment management solutions to its retail and institutional customers.

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