Berenberg Bank Sticks to Its Hold Rating for M&G Plc (MGPUF)

In a report issued on February 4, Berenberg Bank from Berenberg Bank reiterated a Hold rating on M&G Plc (MGPUFResearch Report), with a price target of p237.00. The company’s shares closed last Monday at $2.89.

The word on The Street in general, suggests a Hold analyst consensus rating for M&G Plc with a $3.08 average price target, which is a 6.2% upside from current levels. In a report issued on January 25, Deutsche Bank also reiterated a Hold rating on the stock with a p230.00 price target.

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M&G Plc’s market cap is currently $7.48B and has a P/E ratio of 113.78.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MGPUF in relation to earlier this year.

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M&G PLC is a United Kingdom-based company engaged in savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company operates across two operating segments: Savings & Asset Management and Heritage.

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