M&G (LON:MNG) Price Target Raised to GBX 315

M&G (LON:MNG) had its price target lifted by stock analysts at JPMorgan Chase & Co. from GBX 305 to GBX 315 in a report issued on Friday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.67% from the stock’s previous close.

MNG has been the topic of a number of other research reports. Berenberg Bank raised M&G to a “buy” rating and raised their price target for the stock from GBX 225 to GBX 342 in a report on Friday, October 10th. Citigroup increased their price objective on M&G from GBX 214 to GBX 260 and gave the stock a “neutral” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada boosted their target price on M&G from GBX 240 to GBX 265 and gave the company a “sector perform” rating in a report on Tuesday, September 9th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 275 price target on shares of M&G in a report on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, M&G presently has an average rating of “Moderate Buy” and an average target price of GBX 280.33.

M&G Stock Down 0.5%

LON:MNG traded down GBX 1.40 during midday trading on Friday, hitting GBX 270. 3,741,868 shares of the company were exchanged, compared to its average volume of 17,717,807. M&G has a fifty-two week low of GBX 171.55 and a fifty-two week high of GBX 279. The company has a market capitalization of £6.39 billion, a PE ratio of -108.00, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The company has a fifty day simple moving average of GBX 258.36 and a 200 day simple moving average of GBX 248.99.

M&G (LON:MNG) last released its quarterly earnings results on Wednesday, September 3rd. The company reported GBX 10.10 earnings per share (EPS) for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. As a group, equities analysts anticipate that M&G will post 24.2485207 earnings per share for the current fiscal year.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.