M&G plc (OTCMKTS:MGPUF) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of M&G plc (OTCMKTS:MGPUF) have received an average rating of “Reduce” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company.

Several research analysts recently issued reports on MGPUF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of M&G in a research note on Wednesday, April 8th. Citigroup reiterated a “neutral” rating on shares of M&G in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group lowered shares of M&G to a “neutral” rating in a research note on Tuesday, April 21st.

M&G Stock Performance

Shares of OTCMKTS MGPUF opened at $4.20 on Tuesday. M&G has a 12 month low of $3.28 and a 12 month high of $4.50. The firm has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $4.01.

M&G Company Profile

M&G plc is a UK-based savings and investment business that was demerged from Prudential plc in October 2020. Tracing its roots back to the founding of Municipal & General Securities Company Limited in 1931, the firm has grown into a diversified provider of investment management and long-term savings and retirement solutions. Headquartered in London, M&G serves both retail and institutional clients through a broad network of distribution channels.

The company’s main activities are split between asset management and savings & insurance.